Partner Mark Kornfeld and Associate Brian Song spoke on an NRS webinar July 14, 2015, titled “Defensible Due Diligence for Investment Advisers Including Private Fund Advisers.” This program reviewed the recent scandals and market events that have created a call for increased liability for those entrusted to undertake due diligence for investors in the selection of investment managers and hedge funds. Evolving defensible due diligence standards are designed to meet regulators’ and investors’ higher expectations. While the SEC does not have a clearly defined policy for investment firms, it requires that firms’ disclosures mirror actual practices. Kornfeld and Song provided attendees with practical advice about specific compliance steps to meet these evolving standards for effective risk management. More information.