By Claire Makin
Key man risk has shot to the top of the due diligence agenda
for hedge fund investors who want to participate in the
industry’s benefits – but not its high
Enter Spirit Advisory Services, a specialist provider of
investigation services, based in London. Founded in 2007 by
Jerry Ohlson, ex-head of City of London Police Fraud Squad,
Spirit has a 40-strong private network of professional fraud
investigators around the world, and recently extended its
expertise into the hedge fund arena.
Spying a gap in the market, in late 2011 Ohlson hired Greg
Ohlson (his son) and Nigel Loweth to develop a due diligence
investigation service for alternative investments at Spirit.
Both men have many years experience in hedge funds and asset
management at a string of blue-chip financial institutions,
mainly in institutional sales.
So far, business has been brisk. Institutional...