Effective July 1, 2016, AITEC partnered with AIMA in an effort to promote awareness and adoption of its vendor technology due diligence questionnaire in asset management. Today, there are over 100 vendors offering the DDQ to AITEC and AIMA members.
AITEC created a DDQ in 2014 to streamline the process of conducting due diligence on vendors servicing the alternative asset management industry. The DDQ represents the superset of critical questions complied by a committee of AlTEC and AIMA members who are experienced in technology and operations. The AITEC-AIMA DDQ allows the industry to approach vendors as a single voice which provides efficiencies in communication and ultimately increases the market's understanding of technology infrastructure.
The DDQ has been recognized in the market for its content and efficiency. It has been widely adopted by over 235 alternative asset management firms and 100 global vendors of various services and sizes. The content is managed by experts in technology, operations and due diligence from a wide array of alternative asset management firms. A standard protocol in vendor due diligence improves efficiencies in security, operations and communication between vendors and clients.
AITEC members have access to the AITEC-AIMA DDQ template. Members can download the template and send it to their respective vendors. AITEC does not host vendor proprietary technology information. Therefore, AITEC members must request their vendors to provide AITEC-AIMA DDQ directly to them.
The AITEC-AIMA DDQ is one template which is suitable for all vendors. It is not tailored for services as vendors are engaged differently by their clients.
For more information, please email us at DDQ@aitec.org.