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Filed under: Hedge Fund / Alternative Investment Management, Managing the Business, Operational Risk, Traditional Investment Management, Casey Quirk, compliance, hedge fund, investment management, multi-prime, multiple prime brokers, operational excellence, operational risk, operations, risk, technology, workflow
Hi, this is a great piece. Keep up the good work!
Tim Walters
Grace Financial Group LLC
[...] touched on the lack of training for managers in our previous article, Operational Risk #2—The Blind Leading the Blind. We find much the same situation at lower organizational levels where the work actually gets [...]
“Much of the indifference toward operations, IT and compliance that pervades the buy-side today stems from ignorance of the complexity inherent in those areas.”
Absolute words to live by.
Great, great article and series.
Thanks, Eric!
Holly,
Your articles and insights are spot on. I look forward to reading your future posts. Keep up the great work!
Thanks, Sue!
[...] problems arise because too few qualified and knowledgeable people read the agreement. (Please see Operational Risk #2 on ensuring that people know what they are doing.) For example, Bear Stearns used a standard [...]