•       Agnostic to the source of good ideas

•       Not soley reliant on quantitative screens

•       Referrals from other managers, prime brokerage teams, industry contacts, hedge fund databases & publications

•       The CIO drives the research process attending many of the initial or second meetings with the fund manager.

•       Analysts apply an “operational filter” avoiding major operational areas of concern, prior to the start of more thorough due diligence.

•       References on key investment personnel are taken at an early stage, and will often determine whether more detailed due diligence is carried out.

•       Aurum conducts an initial qualitative review, based on initial meetings with the fund manager, focusing on the quality of the fund manager and the team as well as the fund’s investment strategy and processes. The fund will then be discussed in detail at the weekly research meeting to ensure all aspects of the manager, both positives and negatives, are thoroughly understood.

•      Timeline: Ongoing focus list of prospects and forward looking investment due diligence schedule.