Convergent’s research team continually seeks to identify new managers who offer quality service and investment management. Often those managers may not appear in databases that can be “screened” to find products that meet certain characteristics. Style boxes don't say much about a manager's ability to outperform. The process of identifying and sourcing managers is, as a result, a time-intensive task that involves our analysts’ attention and the involvement of consultants, clients, and existing managers in connecting us with more and greater investment opportunities.

We focus on finding managers with:

• Outstanding pedigrees
• Top track records
• Repeatable niche strategies
• Demonstrated risk control procedures 
• Properly aligned financial incentives

Evaluating and approving managers is structured in a three-phase due diligence process, which includes insight, research, study, and deliberation by a team of experienced investment professionals. 

Note: The due diligence process is adapted according to the type of legal construct of the investment (L.P., separately managed account, open-end mutual fund, ETF, etc.), taking into consideration the industry regulations and transparency, among other factors.