Recently, a panel of experts joined Michael Neuman, Backstop’s VP of Information Security, for a roundtable discussion on how COVID-19 is impacting business.
As one of the most successful family offices in the nation, the senior team at the Hillman Company wanted to leave behind a legacy that would stand the test of time.
The clarity of the security questions an asset allocator includes in a request for information (RFI) to a potential vendor is critical. One of the biggest problems we see in the security questionnaires asset allocators send us is that they ask binary questions. The problem with Yes/No questions is that they often elicit potentially misleading, ambiguous, incomplete, or irrelevant information. The answers to binary questions (“Yes” or “No”) cannot give an asset allocator a complete picture and consequently can lead to a relationship with a vendor that leaves the door open to unacceptable security risks.
Did you know that Texas has a GDP larger than Russia’s and its geographical size rivals some European countries?
There is usually a smart way and a hard way to do things. This universal truth also applies to alternative asset management firms who are trying to raise capital. So often, they are raising capital the hard way.