Aon and eVestment create new reporting standard for operational due diligence findings
Thursday, January 07, 2021
Opalesque Industry Update - Aon and eVestment today announced a strategic collaboration to provide operational due diligence (ODD) research through the eVestment platform, recognizing the need for more transparency and standardization of ODD information.
The new ODD offering will initially be available for purchase to asset owners through the eVestment platform, which nearly 1,000 institutional investors in more than 40 countries rely on to source their asset managers.
The agreement comes at a time when transparency is even more critical given the novel coronavirus (COVID-19) pandemic and the growth of remote work arrangements. Institutional investors look for solutions to help them focus on their core business functions and save time. The comprehensive data set will relieve institutional investors of some of the administrative burdens of the ODD process.