Investment and operational diligence on asset managers.
Read every page of every document a prospective asset manager provides. Find every clause that matters. Compare it against your firm’s standards and your history of prior reviews. Defensible diligence reports, with proof of review.
A diligence report should reflect everything the documents say. When the documents contradict each other, today’s process leaves whether that lands in the report up to whether an analyst happened to read both documents closely enough to spot it.
IDD and ODD analysts work through the same set of documents for every prospective asset manager, plus the manager’s answers to a hundred-question DDQ. The findings that matter most live in the documents, not the answers. A fee class waiver that conflicts with the PPM. A NAV calculation that runs monthly in one document and quarterly in another. A clawback clause buried in a side letter. These are the inconsistencies a report should surface. Today they get caught when there is time to read every document end to end. Octosight makes finding them part of the process, not a function of how the week went.
Diligence decisions get challenged later. The firm needs to show which documents were actually reviewed. Octosight makes the documents searchable, the inconsistencies findable, the comparison against firm standards and prior reviews automatic, and the review itself defensible.
Clause search across every page of every document.
Octosight indexes every word of every document the prospective asset manager provides. DDQs, PPMs, LPAs, side letters, ADVs, audit reports. Ask in plain English for fee clauses, clawback provisions, NAV calculation terms, co-investment carve-outs, fee class waivers. Every match comes back with the document, the page, and the words that matched. Reading every document end to end stops being the only way to find a specific clause.
Flag inconsistencies and deviations automatically.
Cross-document conflicts surface on their own. NAV monthly in the PPM and quarterly in the LPA. Management fees in one document and a different number in a side letter. Octosight compares clauses against the firm’s investment guidelines and against findings from prior asset manager reviews. The master brain of prior diligence becomes the reference for the next one. The review becomes comparison-driven instead of template-driven.
Read receipts for every document, ready for audit.
When internal audit or regulators ask for proof the documents were reviewed, the firm needs more than a signed-off report. Octosight tracks which analyst opened each document, how long it was open, whether it was scrolled and engaged with, and whether the analyst acknowledged the review. Every reviewed page tied to the analyst who read it. When a diligence decision gets challenged at IC, in internal audit, or under regulatory inquiry, the answer is a line in the audit ledger.
- From template-driven to comparison-driven. The report reflects findings supported by clauses found, inconsistencies flagged, and firm standards applied. The template becomes the starting point, not the ending one.
- From a single analyst to an analyst plus the firm’s diligence history. Prior findings and regulatory enforcement actions inform the current review. The firm gets smarter with every asset manager it diligences.
- From signed-off to read-receipted. Audit and regulators get a record of which documents were read, by whom, and when. The review is defensible on its own evidence.
- From the clauses there was time to find to every clause of every document. Fees, NAV terms, clawbacks, co-investment language, fee waivers. Findable across the document set, comparable across documents and against firm standards.