What is required of Members and Candidates regarding diligence in investment analysis?

Members and Candidates are expected to exercise diligence, independence, and thoroughness when conducting investment analysis. This standard emphasizes the importance of a rigorous and disciplined approach to analyzing investment opportunities.

Diligence in this context refers to the responsibility of investment professionals to conduct comprehensive and meticulous research to ensure informed decision-making. Independence implies that members should strive to avoid biases or conflicts of interest that could skew their analysis, which is crucial for maintaining objectivity. Thoroughness highlights the necessity of covering all relevant aspects of an investment, including quantitative data, qualitative factors, and market conditions, ensuring a well-rounded evaluation.

By adhering to this standard, investment professionals uphold the ethical and practical integrity required in the alternative investment space, allowing for sound investment judgments that benefit both their clients and the broader market. This diligent approach is integral in helping to mitigate risks and enhance the potential for achieving positive investment outcomes.