PFM Due Diligence Process
PFM performs extensive due diligence on a Fund/Manager before entering into an agreement and 100% of PFM’s team must agree that there is a good fit.

Some of the processes /reviews we perform include the following:

• Manager and key personnel credit/background check
• Review of Manager References including previous employers, personal references, current and past investors
• Review and verification of data in existing marketing materials
• Review of Risk Management and Valuation Procedures
• Review and analytics of performance, attribution and other portfolio data
• Review of Fund’s performance audits for all years reported
• Review of Offering Documents/Limited Partnership Agreement
• Review of Top 5 Largest Client Redemptions – dates and reasons
• Review and confirmation of current investors and AUM under management
• Review/confirmation of Form ADV and any other regulatory/corporate registrations
• Review and verification of Manager Due Diligence Questionnaire
• Subscription Agreement
• Manager On-Site Review
• Meeting with Fund Auditor
• Meeting with Fund Prime Broker (review of transactions and verification of investment style)
• Meeting with Legal Advisor
• Meeting with Fund Administrator