Corgentum Speaks with Bloomberg on Operational Due Diligence Failures in Japan AIJ Pension Case Posted on March 22, 2012 by admin Corgentum’s Managing Partner, Jason Scharfman, was recently quoted in a Bloomberg article entitled,“ AIJ Beckoned Japan Pensions With 50-Year-Old Return Targets.” This article was written by Tomoko Yamazaki and Komaki Ito, both Bloomberg reporters. Mr. Scharfman discussed the role of operational due diligence in the developing AIJ scandal. Mr. Scharfman stresses the importance of operational due diligence regardless of fund size, popularity or reputation. He was quoted in the article saying, “In the case of AIJ, underfunded Japanese pension funds seemed to have placed profits ahead of common sense.” He also commented on the crucial roles pension fund managers should play when it comes to overseeing assets. “The job of pension fund managers is to exercise due diligence and protect assets, not simply chase high returns.” This recent AIJ story has pushed operational due diligence into the forefront of important trends for investors. Because of the AIJ crisis, operational due diligence is on the minds of allocators looking to invest in hedge funds, private equity funds as well as other traditional funds. The full article is available on Bloomberg website or via direct link here. For more Information: Email: info@corgentum.com Tel: 201.360.2430
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