Investment Oversight

Manager Selection & Oversight

We advise on investment manager selection, due diligence frameworks and ongoing oversight — helping you choose managers who genuinely fit your mandate, and hold them accountable once appointed.

Manager Oversight Scope

  • Manager search & long-listing criteria
  • Qualitative & quantitative due diligence
  • Reference & track record verification
  • Appointment terms & mandate alignment
  • Ongoing performance monitoring framework
  • Manager review & replacement process
What We Deliver

Our Advisory Services

Manager Search & Profiling

We define the criteria for your manager search — by asset class, strategy, size, fee structure and values alignment — and create a structured long-list and selection process.

Due Diligence Framework

Quantitative analysis (performance attribution, risk-adjusted returns, drawdown analysis) combined with qualitative assessment (team stability, investment process, operational infrastructure, compliance culture).

Reference & Background Verification

Structured reference checks with prior clients and counterparties, track record verification and background screening — before any appointment is made.

Appointment Terms Advisory

Review of investment management agreements — fee structures, performance fees, liability provisions, termination rights and information obligations — from your perspective as appointing client.

Ongoing Performance Monitoring

Post-appointment monitoring framework — performance vs benchmark, mandate compliance, risk metrics, reporting quality and team/process stability — with defined review cadence.

Manager Review & Replacement

Formal review process design — escalation triggers, watch-list criteria, replacement process and transition management advisory — ensuring manager changes are governed, not reactive.

Our Approach

Built for Real Outcomes

Selecting a manager based on recent performance is one of the most reliably poor approaches in investment governance. Past performance, in most asset classes, does not predict future performance.

Our manager due diligence is built around process, team and alignment — the factors that do have predictive power — with performance providing context rather than driving the decision.

Manager Types We Advise On

  • Discretionary equity managers (long-only and long/short)
  • Fixed income and credit managers
  • Real estate and infrastructure managers
  • Private equity and venture capital GPs
  • Hedge fund and absolute return managers

Due Diligence Dimensions

  • Performance attribution & risk-adjusted returns
  • Investment team stability & succession
  • Investment process consistency & discipline
  • Operational & compliance infrastructure
  • Fee structure & alignment of interests

Red Flags We Screen For

  • Style drift from stated mandate
  • High key-person dependency
  • AUM growth outpacing strategy capacity
  • Fee structure misaligned with performance
  • Weak operational or compliance infrastructure
DD
Full due diligence: quantitative & qualitative
IMA
Investment Management Agreement review included
Ongoing
Post-appointment monitoring framework standard
0
Retrocessions or soft commissions — ever
Process

How We Work

01

Criteria Design

We define the selection criteria based on your mandate, risk appetite and governance requirements.

02

Due Diligence

We conduct structured quantitative and qualitative due diligence on each candidate.

03

Appointment Advisory

We advise on terms, agreement review and mandate alignment before appointment.

04

Ongoing Oversight

We design the post-appointment monitoring framework and first review cycle.

Common Questions

Frequently Asked

We combine publicly available performance data with structured questionnaires (DDQ), interviews, reference checks and document review. For regulated managers, we also review regulatory filings and public disclosures.
Fewer than most investors think. Over-diversification across managers creates complexity without reducing risk. For most mandates, 3–8 managers across a multi-asset portfolio is sufficient. We advise on the right number for your structure.
An IMA is the legal contract between you and your investment manager. It should clearly define the mandate, permitted investments, fee structure, reporting obligations, liability provisions and termination rights. We review IMAs from your perspective before signature.

Ready to Select and Oversee Your Investment Managers?

Our Manager Selection team designs rigorous due diligence frameworks and ongoing monitoring — across all asset classes and geographies.