Due Diligence

BERYL draws its name and core mission from the class of gemstones that are valued based on transparency.  Since its inception, BERYL has been diligently expanding and fine-tuning manager research. We request transparency from the managers and we bring fund due diligence transparency to our clients.

BERYL DUE DILIGENCE is designed to accurately capture the hedge fund manager's strategy and investment process. Systematic and disciplined due diligence is crucial for the effective manager selection. Unlike many hedge fund advisories, BERYL employs “Drill-Down Due Diligence” versus check-the-box “Surface Due Diligence,” which relies on information furnished by the fund manager. We strive to uncover red flags and hard-to-spot shortcomings that others miss. 

We view the investment process from top-down (Strategy Selection) and bottom-up (Manager Selection). Even a top performing manager may find it difficult to generate returns if the underlying strategy is doing poorly in the business cycle. For instance, specialized strategies such as distressed debt and  convertible bond arbitrage are influenced by the current trading and global macro environment.

For more information about BERYL Due Diligence, please contact Michael Kappeyne.