why family offices use airas

Family Offices are invested heavily in alternative investments according to a recent survey conducted by Rothstein Kass Family Group (http://richard-wilson.blogspot.com/2011/06/family-offices-alternative-investments.html). In their survey, 85% of family offices said that they invested in hedge funds and 50% in private equity.  More than ever, it is important that family offices should use AIRAS as part of their due diligence process.  AIRAS provides:

  • Authentication of returns and NAVs to ensure that the manager is reporting properly
  • An historical look at the fund to see that the level of confidence is accurately reported over time
  • An auditor vetted report consistent with AICPA requirements to be provided as supporting documentation for the audit
  • A cost-effective, objective, statistical-based validation that the self-reported AI returns are reported accurately
  • Peace of mind that the fund is not misreporting or fraudulent