As the initial storm of activity (and in some cases panic) surrounding preparation for GDPR subsides, we take a look at a practical guide for funds wishing to communicate with current and potential investors. We’ll consider what’s changed, what it means and what you can do to still communicate your fund’s value to the widest possible audience.Read More
There are few areas of investment likely to draw as big a reaction as cryptocurrencies, whether excitement at the potentially astronomical profits or fear at the shadier side filled with stories of hacking and fraud. Firms raised about $12 billion in initial coin offerings through the first quarter of 2018. In June, ICOs raised a record $5.6 billion, according to data compiled by Coinschedule.Read More
The Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who investigate facts concerning investment programs, said today that it will launch the first professional due diligence designation program later this year.
The Chartered Due Diligence Analyst (CDDA) will be an internationally recognized designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes a Chartered Due Diligence Analyst® (CDDA), a designation that denotes one as an authority in the due diligence field.
“Understanding how money is invested and all the business and operational functions of investment managers is more important today than ever,” said Andrew Borowiec, IMDDA Executive Director. “Having the CDDA gives professionals the knowledge and structure to ask the right question and gather the right information to make the right decision for investors and allocators.”
IMDDA will offer its first CDDA exam in November. Applications for the exam will be accepted through the IMDDA web site (www.imdda.org) beginning in September and include a 16-hour online study resource. Locations for the 4-hour, multiple choice test will be available around the globe.
Under development by the IMDDA for more than two years, than CDDA designation denotes a superior level of understanding of international due diligence practices and principles. Obtaining the CDDA distinguishes professionals as having achieved extensive background and experience in due diligence and possessing the skills to understand business, operational, accounting, financial and investment risks. The CDDA will be the recognized standard in Operational and Investment Due Diligence around the globe.
The CDDA program is designed to:
“Earning the CDDA is the hallmark of a committed due diligence professional,” said Mr. Borowiec. “It helps drive professional self-confidence, opens doors, creates connections, and offers widespread value and recognition for those with the credential.”
About Due Diligence and the IMDDA
Due diligence is an investigation or audit of a potential investment to confirm facts, such as reviewing financial records, trading / investment strategies, operations, compliance and adherence to regulation. Due diligence refers to the care a reasonable person should take before entering into an agreement or financial transaction with another party.
Operational Due Diligence (ODD) gathers, analyzes and (to a degree) verifies information relating to operational risks. Investment Due Diligence (IDD) is typically carried out by potential investors to consider investment functions.
Founded in 2015, the Investment Management Due Diligence Association® (IMDDA) is the only international investor-centric organization dedicated exclusively to due diligence professionals. The IMDDA’s mission is to work with the investment management community to set the standards for due diligence globally. Through its professionals-only membership, seminars, web site, customized educational training and in-development due diligence certification program, the IMDDA provides a forum for interaction among peers to share ideas and learn from each other while developing extensive curriculum and standards for due diligence professionals.
The IMDDA focuses on educating individuals on best practices for conducting due diligence on hedge funds, private equity funds, venture capital funds, and mergers & acquisitions. IMDDA operates in North America, United Kingdom, Singapore and Hong Kong. Members include representatives from financial institutions, regulatory bodies, law enforcement agencies and industry sectors.Read More