ManCo Due Diligence. Quick Facts for US Fund Managers
ManCos, a term most commonly used in the investment management world to refer to both UCITS management companies as well as authorised alternative investment fund managers, have been recently – once again – under the spotlight of the Central Bank of Ireland. The results of a thematic review carried out by the Central Bank of Ireland, published by the end of 2020, exposed vices and virtues of Irish ManCos.
The thematic review helps defining key performance indicators to be used when carrying out ManCo due diligence exercises. Whilst the findings of the review are applicable to Irish ManCos, these nevertheless highlight general areas of potential concern for the ManCo business as a whole.