Castle Hall Diligence and SwissAnalytics partner to provide next generation due diligence services to the investor community
Oct 3, 2014 10:52:00 AM
Castle Hall Diligence today announced a strategic partnership with SwissAnalytics, based in Zurich, Switzerland. Castle Hall and SwissAnalytics will work together to extend the reach of the OpsDiligence online diligence platform, enhancing both diligence coverage and client service across key European markets.
SwissAnalytics, founded in 2008, is a leading due diligence firm, having completed operational diligence on more than 400 fund entities. “We’re delighted to partner with Castle Hall” said Christian Nauer, CEO of Swiss Analytics. “SwissAnalytics and Castle Hall have, since inception, both adopted an identical business model, orientated around client service, independence of opinion, and lack of conflicts of interest. Both our firms believe that, to be effective, a diligence provider should only service the buy side investor community, and that the provision of objective, unbiased and impactful diligence research should be segregated from the broader, advocacy role of an investment advisor”.
Chris Addy, Castle Hall’s CEO, said “Christian and his team bring new resources and new capabilities to Castle Hall, and we look forward to our collaboration to extend our services with respect to European funds and European investors. Equally, SwissAnalytics clients will now have access to the coverage and functionality of the OpsDiligence platform.”
SwissAnalytics is also recognized for the quality of their quantitative, analytical research. “We will be working to add SwissAnalytics’ quantitative tools to our diligence process, which help review fund returns for signs of abberational performance” said Anne Coady, Managing Director at Castle Hall. “Sometimes one of the best signals that a fund may be operationally deficient is a performance track record which is actually too good”.
Looking forward, SwissAnalytics and Castle Hall will continue to expand their coverage of private equity, infrastructure and long only vehicles. “We are seeing a new degree of maturity towards the due diligence process adopted by investors across all asset classes” commented Nauer. “With respect to regulated structures, we have conducted detailed diligence across numerous UCITS funds, and have seen a surprising variety of structural, operational and legal risks, which should be understood, evaluated and monitored by investors. ”