Vigillion Adviser was founded by Olga Romanova, an independent consultant covering operational due diligence across various asset classes. She has over 25 years’ experience in due diligence and audit. Prior to founding Vigillion Advisers, Olga was the Head of Operational Due Diligence as Aaro Capital, a boutique asset manager focusing o
Vigillion Adviser was founded by Olga Romanova, an independent consultant covering operational due diligence across various asset classes. She has over 25 years’ experience in due diligence and audit. Prior to founding Vigillion Advisers, Olga was the Head of Operational Due Diligence as Aaro Capital, a boutique asset manager focusing on digital asset funds. Prior to that, Olga was part of the ODD teams at AXA Investment Managers and GAM, focusing on hedge funds and alternative credit. Olga started her career with Ernst & Young as an auditor. Olga is a CFA Charterholder and an American CPA.
We offer a variety of consulting services at Vigillion Advisers, focusing on outsourced operational due diligence for family offices and asset managers. We also offer operational risk assessments for early stage fund managers to identify key risks or areas for improvement to prepare them for deep dive intuitional due diligence.
At Vigillion Advisers, we believe that collaboration is key to success. We work closely with our clients to understand their goals, and develop solutions that are tailored to their unique needs. Our approach is transparent and designed to help address key operational concerns. There is no reward for taking operational risk.
Our approach to operational due diligence combines best practices employed by the institutional allocators. The reports are tailored towards our clients' needs and the assessments are risk-based. Each project is unique and review areas depend on the asset class.
The due diligence report will typically cover three main pillars of an ODD assessment:
Our review of the operational set up of fund managers covers all non-investment aspects of their business. Key areas include ownership structure, trade processing, valuation, NAV reporting, controls over cash, IT infrastructure. We focus on what can wrong and what the manager can do to prevent it or detect errors. We strongly believe that in person review is the best way to approach such assessments and will visit managers on-site, subject to the client's agreement.
Review of the fund documents and key agreements focuses on provisions for investor protection in case if something does go wrong. We focus on redemption terms, indemnity clauses and key man provisions.
Reference calls with the main service providers include calls with the fund administrator to confirm functions that they perform for the fund as well as a call with the legal counsel to confirm their appointment. We also carry out a reference with one of the independent board members to get their feedback on the governance.
At Vigillion Advisers, we have years of experience operational due diligence. We can carry out 'mock ODD reviews' for emerging managers to identify key weaknesses in operational set up or major concerns in fund documents. Such reviews will allow managers strengthen their operations and prepare for reviews by institutional allocators.
We have a wide network of key service providers for hedge funds and digital asset funds and can help fund managers connect with high quality providers. No commissions are taken by Vigillion Advisers and we usually provide a choice of several providers so the manager can chose the one that best suits their needs.
Reviews can be tailored to different stages in the manager's growth story and a particular asset class.
Vigillion Advisers can cover most of the asset classes, however we have developed a unique expertise in digital assets. As an emerging asset class, digital assets pose unique risks making thorough operational due diligence essential. We have developed a dedicated program that covers operational risks specific to digital asset funds, that
Vigillion Advisers can cover most of the asset classes, however we have developed a unique expertise in digital assets. As an emerging asset class, digital assets pose unique risks making thorough operational due diligence essential. We have developed a dedicated program that covers operational risks specific to digital asset funds, that will be well-suited for allocators looking to add digital assets to their portfolio.
We have developed a network of high quality service providers within digital asset space and can provider feedback to early stage managers looking to launch a digital asset fund or considering a change of a service provider.