New Wealth Management Tools Enabling Greater Inspection of Funds

As Funds face greater scrutiny from allocators, wealth management groups are rolling out new systems to disseminate and organize fund information which for some customers is spread out among their portfolios.  HSBC, Barclays and others such as Advent Software have rolled out systems to review portfolios. 

Dan Rauchle of Wells Fargo alternative asset management lays out a six point plan that could assist investors in their hedge fund due diligence. 

*  each fund larger than $100 million needs to register with the S.E.C.

*  have an independent custodian who holds the money

*  an independent administrator who prices the securities 

*  an independent auditor.

*  hedge funds should reveal how they price securities

*  submit to an independent, quarterly analysis of their portfolios.

 Though these changes are speculative, they are indicative of lengthening pressures on the capital raising cycle.  For more info, visit 

http://www.nytimes.com/2009/06/13/your-money/13wealth.html?_r=2

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