Not only is initial ODD important when selecting managers but ongoing ODD monitoring in times of crisis is paramount.
During, and in the wake of, the 2007-2008 Global Financial Crisis, we saw a number of non-investment related events occur within the asset management industry which adversely impacted clients and ultimately end savers. Such events included redemption suspensions, withdrawals of leverage, counterparty defaults, firm closures, and even frauds. The current COVID-19 pandemic is a crisis that is not only impacting the financial markets but one that also brings on health and social related issues, amongst others, and for many there is no clear end in sight. This has created many of the same concerns we have seen previously and, in addition, has brought about new operational risks given the uniqueness of the events currently unfolding.
Here are examples of some of the operational issues investors should be mindful of:
| Title | File Type | File Size |
|---|---|---|
| The importance of ODD: Crisis or no crisis | .2 MB |
