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July 27, 2004 at 08:00 PM
NEW YORK (HedgeWorld.com)–Hedge fund and fund of funds manager GAM announced that its multi-manager investment team has been awarded certification for its high management standards.
The International Standards Organization 9001:2000 accreditation came after a lengthy process that involved 12 months of preparation, an initial assessment in December 2003, and two weeks of documentation review by Lloyds Register Quality Assurance.
There was a weeklong audit of GAM London and New York offices to evaluate the multi-manager group’s compliance with ISO 9001:2000 requirements. All processes, including research, manager selection, due diligence, performance monitoring and manager analysis were explained and documented.
Lloyds Register Quality Assurance followed up with another assessment of investment and operational processes in mid-June, before confirming the ISO 9001:2000 accreditation.
