Randy Shain, vice president of First Advantage Investigative Services, has recently published Hedge Fund Due Diligence, a book providing insight into effective tactics and professional tools to investigate hedge fund managers. Shain, an acknowledged expert in the alternative investment community, co-founded New York City-based BackTrack Reports in October 1993, and operated the company until it was purchased by First Advantage in September 2004. Today, Shain manages our team of due diligence investigative specialists who produce the BackTrack Report, an industry recognized tool for delivering insightful and comprehensive background information on fund managers.

Having reviewed more than 2,800 funds and approximately 4,500 fund managers, Shain and his team help fund advisors and fund of funds understand the risks they will be taking. Five of the top ten and nearly half of the top 50 fund of funds (by asset size) worldwide regularly receive a BackTrack Report prior to investing in a hedge fund.

In addition to his book, Shain has also published several articles, been frequently quoted or featured in news stories and articles, and has spoken at numerous conferences, including GAIM and Eurohedge, on management team due diligence.

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Book Review:
Pensions & Investments / PIonline.com