MONTREAL--(BUSINESS WIRE)-- In response to the growth of the hedge fund industry in Asia, Castle Hall Alternatives and Orchard Harbour today published a new white paper to guide investors during their conduct of operational due diligence on Asian hedge funds. Castle Hall and Orchard Harbour announced, earlier in 2011, a strategic partnership to offer global investors independent, expert due diligence when evaluating hedge funds across the Asia Pacific region.

The paper considers a variety of issues relevant to allocators who already have investments in Asian managers, or who are considering new allocations. Topics covered include legal and regulatory issues, regional tax considerations and best practices over management and operations for Asian fund managers. The paper also highlights some of the region specific issues investors should consider when conducting due diligence on administrators and other service providers in Asia.

Chris Addy, Castle Hall’s CEO, commented, “Investing in Asian hedge funds presents a number of challenges. For North American and European investors, distance is an obvious impediment, which makes Asian funds harder – and much more expensive – to diligence than managers in New York and London. Managers are generally smaller with fewer assets and fewer employees, investors must consider local tax and regulatory issues, and service providers may be region or country specific. All these factors impact the due diligence process.”

Alex Wise, Managing Director of Orchard Harbour, said, “We believe effective due diligence requires the knowledge and information advantage that comes from regional specialism. A generic due diligence checklist can easily miss issues if the due diligence process does not take account of the unique characteristics of the Asian marketplace. More practically, regional presence can significantly reduce the cost and enhance the timeliness of the due diligence process.”

The white paper “Hedge Funds in Asia: A Guide to Operational Due Diligence” can be accessed at http://www.castlehallalternatives.com/publications.php

About Castle Hall Alternatives

Castle Hall Alternatives helps global institutional investors, fund of funds, advisors, family offices and endowments identify and manage hedge fund operational risk. More information is available at www.castlehallalternatives.com

About Orchard Harbour

Founded in 2007 in Sydney, Australia, Orchard Harbour provides operational risk consulting to superannuation funds, family offices and a global clientele of fund of funds. Orchard Harbour carries out frequent on-site operational reviews of managers based in Hong Kong, Singapore, Australia and other key jurisdictions across Asia. More information is available at www.orchardharbour.com

CONTACT:

Castle Hall Alternatives
Chris Addy, +1 450-465-8880
President and CEO
chris.addy@castlehall.ca
or
Orchard Harbour
Alex Wise, +61 (2) 9225-4451
Managing Director
alex@orchardharbour.com

KEYWORDS:   United States  Asia Pacific  North America  Canada

INDUSTRY KEYWORDS:   Professional Services  Banking  Consulting  Finance  Other Professional Services  Communications  Publishing

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