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Filed under: Hedge Fund / Alternative Investment Management, Operational Risk, Operations, Traditional Investment Management, buy-side, hedge fund, investment management, operational excellence, operational risk, risk
Great article, right on board
Look forward to reading successive articles
best regards,
Dave Garceau
Advisors Search Group
Thanks, David! We are having fun writing them.
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I like this article, as well, especially the concept of adding value by addressing operational risk. I look forward to reading the series.
Kevin Cullen
Information Mosaic.
Thanks, Kevin! We are actually trying to measure the value added. More on that later…
Ms. Miller,
I’m also looking forward to following the upcoming series. As I’m in the earliest stages of starting a fund, I think it would be worthwhile to set things up properly, from the start, rather than “going back, afterward”.
Btw, you may not recall, but you’re following on me on SA, under the nom de plum “Old Trager”.
Yes, sir. I do remember you. And good luck with your fund.
Besides the topic being very timely, I do appreciate the fact the articles will be written as a guide and not a check-list process that only pertains to bulge-bracket firms. Depending on where allocations originate, adhere to operational risk can be the deciding factor for receiving funds vs. being passed over. But no matter the size or maturity of the fund’s operation, attention to operational risk should be a daily and mandatory practice. I look forward to seeing the series.
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Thank you, Damian. We actually teach a class titled “How to Survive a Hedge Fund Operational Due Diligence” and class participants always wonder why we cover investment strategy. We have to explain that knowledge of the strategy, approach and decision-making process is a pre-requisite to know what to look for in a due diligence–precise because there cannot be a checklist.
We hope you enjoy the series.
We are starting up operations in the US for an asset manager domiciled in Seoul. I’m grateful you are sharing some expertise.
Good news, Eric. Hope you are looking at the implications of the Frank-Dodd Act as well. And if you need more help, please call us!
Thank you. We are currently digesting the Dodd-Frank regs as it applies to a foreign firm.
Derivsource, together with CompliGlobe and Shearman & Sterling, did a terrific webinar on that last week. You might reach out to any of those organizations to see if you can still listen a recorded version.