NEW YORK, November 12, 2019 – The Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who perform investment and operational due diligence, today announced that Kelly DePonte, Managing Director at Probitas Partners, has joined the IMDDA Advisory Board as it expands in response to the growing global importance of due diligence.
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IMDDA NEWS - PRESS RELEASE
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If an operational due diligence (ODD) executive exercised their veto during the pre-crisis golden era of hedge funds, they would typically be shown the exit. The mid-2000s is littered with examples of out of work ODD professionals sacked for simply doing their job and refusing to sign off on an investment they thought was either risky or fraudulent.
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