Operational Risk Consulting
Borne out of our industry leading operational certification review process, Amber offers operational risk reviews on financial services firms including hedge funds, private equity funds, long only funds, banks and other institutions.
OUTSOURCED HEDGE FUND ODD
We offer a qualitative analysis of a fund's operational risks in a concise report format. Amber offers operational due diligence assistance:
• On an investors entire fund portfolio; or
• On selected funds; and
• Upon request, by providing training to an investor’s research staff via their attendance at our hedge
fund manager onsite visits.
Please click the image below to download our hedge fund operational due diligence reports for investors brochure.
MOCK ODD REVIEWS FOR HEDGE FUND MANAGERS
An Amber Mock ODD Review provides practical feedback to managers not currently certified by us on (i) how well the firm can communicate its operational policies and procedures in an investor ODD review and (ii) what improvements, if any, are necessary to pass a due diligence review.
The report highlights weaknesses, risks and associated recommendations across five areas of evaluation:
• Manager Overview
• Governance and Oversight
• Custody of Assets and Trading Relationships
• Trading, Operations and Accounting
Amber will provide practical recommendations that are appropriate for the size and strategy of the firm to ensure it is operating in accordance with global industry sound practices.
We charge a flat fee for our review and will deliver our report within 2 weeks of our on-site visit at the manager's offices. The manager may disclose to investors that it has engaged Amber to perform a Mock ODD Review. The report itself will be for internal purposes only, however, and not available for wider distribution.
Please click the image below to download our Mock ODD Reviews for Hedge Fund Managers brochure.
ODD HEALTH CHECK
Increasingly, investors in hedge funds wish to check that their operational due diligence process is in line with industry standards of due diligence, both in scope and depth. A periodic “health check” is a very useful risk management tool to ensure a high standard of due diligence and to reduce business risk. It also sends a positive message to one’s board of directors, trustees and/or investors that you say what you do and do what you say. Equally, investors who allocate to fund of hedge funds may wish to gain comfort that their fund of funds manager is performing an adequate level of operational due diligence on its underlying hedge fund investments.
Amber’s review will assess a firm’s operational due diligence process to ensure that it is sufficient in scope and depth and in line with widely accepted standards of due diligence. Based on a review of a sample of operational due diligence reports, we will also determine whether or not the firm is carrying out its operational due diligence, as purported in its internal manuals and marketing materials.
Please email us at email@example.com to receive a copy of our sample ODD Health Check Memorandum.
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