Page 95 - DCAC December 2024 Files
P. 95
Managing a Prudent Due Diligence Process
Important Observations
• Fiduciaries are not expected to consistently select investment options with the
highest return.
– Past performance does not equate to future results.
• Expectation to select managers through a deliberate, prudent process that
should be documented.
• Monitor managers’ quantitative and qualitative criteria and replace when
failing to meet established expectations.
• IPS is key to consistent process and results.
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