Investment Committee Best Practices for Wealth Managers

by Julie Olsen

An investment committee (IC) provides wealth management firms a formalized mechanism for improved due diligence, ongoing monitoring, and decision-making.  A good IC aligns organizational goals, roles, and processes and enhances accountability, clarity of purpose, and shared knowledge among the[...]

Filed Under: Alternative Investments, Best Practices

Largest Interval Funds - A Due Diligence Guide

by Gavin Aydt

An interval fund is a subcategory of closed-end funds and is a Regulated Investment Company (RIC), which is subject to 1940 Act regulation. Shares of interval funds are not generally “redeemable,” which is why the funds are classified as closed-end rather than open-end funds. Interval funds are so[...]

Filed Under: Due Diligence, Interval Funds

Highlights from FactRight's RIA Spring Due Diligence Conference

by Kate Stephany

Was it just me, or did our most recent conference in Scottsdale feel, dare I say it, almost normal? I mean, the sun was shining, the palms were swaying, and the beer burro was melting hearts.

Filed Under: Due Diligence

Inflationary Pressures on Credit-Focused Alternative Investment Programs

by Jacob Heidkamp

Inflationary pressures have increased markedly in the global economy over the last year. CPI prints have recently reached levels not visited in almost four decades.

Filed Under: Alternative Investments, Market Research, Credit

Using Non-Listed REIT Metrics: FFO, AFFO, and MFFO Due Diligence

by Julie Olsen

Many real estate investment trusts (REITs) voluntarily report supplemental performance metrics. Industry organizations established non-GAAP metrics to build credibility and broader capital markets acceptance of REITs by enhancing comparability of operating performance across funds. Two decades ago,

Filed Under: Due Diligence, REITs, Alternative Investments, Best Practices

Financial Statement Due Diligence: GAAP Accounting Preferred

by Kemp H. Hanley

I like cash, after all, who doesn’t? But I’m talking about financial statement presentation today. The cash-basis, while it may be the simplest presentation method, is not necessarily best for financial analysis of a product sponsor.

Filed Under: Due Diligence, Alternative Investments, Best Practices

Happy Holidays from FactRight!

by Russell Putnam

In the spirit of the holiday season, FactRight is proud to support the local non-profit Feed My Starving Children, which strives to eliminate starvation in children throughout the world. From March 1, 2020, to February 28, 2021, volunteers have helped the organization pack 267 million meals to meet[...]

Filed Under: Due Diligence

How Fed Policy Is Distorting Asset Prices and Alternative Investments

by Jeff Baumgartner

The Federal Reserve is sitting on a massively bloated balance sheet, and all major asset markets—stocks, bonds, alternative offerings, and real estate—are long overdue for a massive correction. That was the thinking of many in early 2020, when the size of the Federal Reserve’s balance sheet stood[...]

Filed Under: Due Diligence, Best Practices

Top Five Ways to Gain an Edge in DST Due Diligence

by Brandon Raatikka

If you seek to provide your clients with DST investment opportunities, I don’t have to tell you how much of a challenge it can be to identify and properly assess a program before it is fully reserved.

Filed Under: Due Diligence, DSTs, Best Practices

Art: An Asset Class

by Gavin Aydt

Art. Is it just for eccentric billionaires or is it an asset class we can all be excited about? There are clearly people in the world with questionable taste and a lot of money—how else can you rationalize the sale of Peinture (Etoile Bleue), by Joan Miro, shown below, for $36.9 Million?

 

 

Filed Under: Alternative Investments