Great performance can’t compensate for weak governance. Build credibility with structure and documentation.
Foundational checklist
Legal & mandates. Clear mandate, investor eligibility, and jurisdictional rules.
KYC/AML. Documented onboarding and screening.
Custody & brokers. Segregation, reconciliations, uptime SLAs.
Risk policy. Position, exposure, and drawdown limits—written and enforced.
Valuation. Daily NAV time and methodology explained to investors.
Fees. Transparent schedule; no hidden charges.
Reporting. Monthly statement pack: start balance, flows, P/L, fees, end balance.
Audit trail. Trade logs, approvals, and incident reviews.
Communications rhythm
Monthly statements, quarterly letters, and ad-hoc risk notes when markets move.
Withdrawal SLA. State timelines and meet them.
Takeaway: Effective governance is a key growth strategy. Clarity unlocks larger tickets.
Disclaimer: Not legal advice; seek local counsel.