Due Diligence

Closing Coverage Gaps: How Fund of Funds Can See the Whole Picture

How Fund of Funds teams can eliminate oversight blind spots with Dasseti COLLECT - automating data collection, monitoring, and risk detection.

Dasseti
Oct 27, 2025
Dasseti COLLECT Due Diligence

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For a Fund of Funds, oversight is only as strong as the data behind it. Yet in portfolios that span dozens – sometimes hundreds – of managers across multiple asset classes, blind spots can form quickly: A new allocation may not be captured in the monitoring cycle yet. A fund may change structure mid-year without notice. A strategy outside the usual coverage may be missed entirely.

In FoF oversight, a blind spot isn’t just missing information – it’s missed risk. And in a multi-manager portfolio, one missed risk can have a ripple effect.

Why Coverage Gaps Emerge in Fund of Funds Oversight

Coverage gaps occur when scale and complexity outpace existing oversight processes. Onboarding new managers can take weeks, delaying their inclusion in monitoring; different asset classes require different data points, which a single questionnaire template cannot capture.

Regulatory reporting cycles can add another layer of fragmentation, with some managers providing updates quarterly and others only annually. And when changes happen between those cycles – a shift in fund mandate, a key person departure, or an operational restructure – the update might not reach your team until it’s too late.

Over time, these gaps make it harder to provide a clear, consistent view of the whole portfolio to boards, clients, and regulators, which can slow decision-making and weaken confidence in the oversight process.

Automating ODD and Manager Monitoring to Close Coverage Gaps

Dasseti COLLECT helps Fund of Funds teams achieve complete coverage without adding manual workload:

  • An existing network of 17,000+ managers means many relationships can be onboarded instantly.
  • Configurable templates by asset class and strategy ensure the right data is captured every time.
  • Automated triggers flag when a manager’s profile changes, so you can update oversight immediately.
  • A single platform for all data keeps every fund, manager, and holding in view, ready for benchmarking and reporting.

This digital approach reflects how leading allocators such as Sun Life and AXA have modernized their oversight. By automating data collection and validation, their teams can now focus on analysis and insight rather than admin.

Turning Reactive Oversight into Proactive Risk Management

When coverage gaps disappear, oversight shifts from reactive to proactive. FoFs can:

  • Onboard new managers and begin monitoring from day one.
  • Apply consistent oversight standards across every asset class and jurisdiction.
  • Identify operational or compliance changes in real time, not months later.
  • Demonstrate complete portfolio coverage with structured, auditable records.

This shift reduces risk and strengthens trust. Boards see a complete, consistent picture of the portfolio. Regulators get timely, documented evidence of oversight. And managers value a process that’s clear, efficient, and fair across the board.

See the Whole Picture With Dasseti COLLECT

In FoF oversight, missing even a small piece of the puzzle can have a big impact. Closing coverage gaps ensures every manager in the portfolio is monitored and every change is captured.

See how complete coverage looks in practice – book a demo today.

 

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