On-site due diligence is going by the wayside to the detriment of the investor
“My team recently spent a few days in New York and Chicago conducting on-site due diligence meetings with ten money management firms. Nearly all these firms told my colleagues and me that consultants and Wall Street banks have changed their model and are not doing on-site due diligence, believing it to be safer and more efficient to get what they need through video meetings.”
Read more from Richard Todd here!
Source: The Denver Business Journal