DDC was recently engaged to conduct a thorough pre-investment background check on an established hedge fund manager on behalf of a major investor group.  During early stage research DDC discovered that the manager had a 2016 federal tax lien for approx. $15 million. Rather than “run the meter” and do as much as we can to inflate the cost of this assignment, per established DDC policy we immediately contacted our client and shared the details.  Our client decided not to pursue an investment with this manager. We refunded the unused retainer amount, reflecting almost 80% of the client’s retainer based on its budget.

Our client’s rationale was simple and direct: “we are not going to invest with anyone who can’t manage their own finances.”


Peter Barakett


DDC – Due Diligence Consulting LLC

DDC Investigations LLC