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Castle Hall Launches OpsMonitor, an Innovative Operational Due Diligence Monitoring Platform for Global InvestorsCastle Hall Alternatives today announced the launch of the firm's OpsMonitor due diligence platform. Features include daily media monitoring, a comprehensive process to identify changes in manager and fund operational risk quarter to quarter, and interactive dashboards to identify risks present in fund annual financial statements. "Castle Hall is excited to introduce a range of powerful new monitoring functions to OpsDiligence, our online diligence system," said Chris Addy, Castle Hall's CEO. "Due diligence has evolved: rather than wait for traditional, annual diligence meetings, investors increasingly recognize the value of ongoing monitoring to identify and react to potential operational risks in real time. With regularly updated operational risk information, investors can monitor risk and better calibrate their diligence programs across different asset classes and types of manager". OpsMonitor begins with daily media monitoring. Castle Hall's team carefully curates news feeds to remove the false positives and duplicates that clog standard internet searches. Media alerts are then delivered automatically to each member of an investor's portfolio, risk, compliance, and diligence teams.
On an annual basis, investors may receive large numbers of audited financial statements issued by the funds in their portfolios. Reviewing those financial statements is, however, a time consuming and challenging task. "OpsMonitor now offers investors interactive dashboards to identify potential financial reporting risks," said Anne Coady, Castle Hall's Managing Director. "Dashboards highlight OpsMonitor Alerts across 10 categories, including identity of the auditor, whether the audit is qualified and issued on a timely basis, and whether the fund and underlying master fund has a high expense ratio, high leverage, or high allocations to hard to value, level 3 assets". "At its heart, OpsMonitor is a risk management tool," said Addy. "With better monitoring and flexible, real time risk dashboards, OpsMonitor helps investors spend 80% of their time budget on investments which may have operational diligence issues - not spend 80% of their time getting to those 20%." About Castle Hall Castle Hall Alternatives, a member of AIMA, helps global institutional investors, fund of funds, advisors, family offices and endowments identify and manage the business and operational risk of asset managers. With more than 30 professionals dedicated exclusively to operational due diligence, Castle Hall deploys one of the industry's largest and most experienced due diligence teams. More information is available at www.castlehallalternatives.com.
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