Yahoo Finance -Amber Partners Ltd., an independent specialist in hedge fund operational risk, today announced they have completed their 28th operational certification since the company’s launch inNovember 2005. Completed certifications represent approximately US$30 billion in total assets under management, with an expected 50 certifications to be completed by year end.
Amber Partners produces comprehensive due diligence reports on individual funds, giving investors independent information on five key areas: manager’s organization, fund structure, back office, valuation and independent oversight.
Reiko Nahum, Founder and Chief Executive Officer of Amber Partners, stated, “We’ve had a great start as Amber’s proven approach benefits both managers and investors. In addition, our agreements with Aon, Willis and other insurers to offer potential discounts to Amber certified funds on directors & officers, errors & omissions and crime coverage insurance policies truly set Amber apart from our peers.” She continued, “At the same time, we have made sure our certification reports are not made public to ensure that our approach does not conflict with any of the SEC private placement rules on marketing and solicitation.
