ATR Memo Administrator-Transparency-Reporting

ODD plays a vital role in institutional investor processes. Our 2024 survey of ODD Practices reveals standard practices at leading investors across a range of areas including structures, use of data gathering tools, and challenges.

The Securities and Exchange Commission (SEC) has introduced new rules to address conflicts of interest when advisers offer investors the choice between selling or exchanging their interests in a private fund for interests in another vehicle managed by the adviser or related parties. In this piece, we explore the impacts of these new rules for investors and managers and highlight considerations for effective implementation.

No investment is without operational risk. The key challenge facing Chief Investment Officers and Investment Committees is to navigate these risks successfully as they build out their investment programmes.