Bryn Sandison currently heads Aurum Research Limited’s (“Aurum”) operational due diligence function, having joined the firm in 2007. Bryn began his career at PwC auditing investment fund vehicles, later moving to PwC USA to work on developing the firm’s approach to risk analytics. Aurum has been advising a range of fund of hedge funds for over 21 years and, more recently, has been focusing on the Alt UCITS space.
UCITSindex.com: You recently voiced concerns that investors trust the UCITS brand too much. What problems do you see when investors make their investment decisions?
Bryn Sandison: Aurum’s long history of analysing hedge fund solutions has meant that we‘ve learnt through experience to spot the pitfalls behind operational risk. We demand high standards of underlying managers if they are to be the stewards of our investors’ capital. Aurum was an early adopter in creating a dedicated operational due diligence function, whereas many competitors were late to the game, setting up operational due diligence as a reaction the losses of Madoff and the Lehman bankruptcy, which highlighted the importance of operational due diligence. Read More