kaal:claim:2811718-032

Expert testimony identifies recurring failures in private fund due diligence, including the absence of any written policy or process to ensure compliance and reliance on individuals with little or no experience, particularly with the particulars of hedge funds.

Major failures or red flags in private fund IDD among private fund advisers include: (1) a lack of written policy or processes in place to ensure compliance;236 (2) the individual conducting the due diligence having little to no experience (especially on the particulars of hedge funds);

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016), III.B.4. Expert Testimony: Best Practices, p. 56
https://ssrn.com/abstract=2811718 · source PDF

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

• expert reports in the surveyed litigation record

failuresupport: evidencedfailure: unwritten and inexpert diligence processfamily: investor-protection-gapcompliance

The quote above is an exact substring of the source PDF, whose sha256 is b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/eae95d71ecc7a6a4...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2811718-032.md | sha256sum