In a universe of over 10,000 private equity and hedge fund firms, manager selection is complex. It requires analytical tools that help you verify the data, qualitative review and operational due diligence, establishing a network of managers, and ongoing review of your investments. With over 25 years of experience identifying institutional alternative investment managers, below are some of the prudent questions we ask. Questions About The Firm 1. Who are the partners? What is their background? The investment industry is a people business.