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- Advanced Praise Offered by Leading Industry Executives including Bruce J. Feibel, CFA, Managing Director, BNY Mellon and Bill Bogle, Partner and Chief Compliance Officer, NEPC LLC
- Available Now in Paperback and Electronically via Amazon Kindle
Thornton, Penn. – December 13, 2010 – Stone House Consulting, LLC, today announced the release of its first book entitled THE TOP TEN OPERATIONAL RISKS: A SURVIVAL GUIDE FOR INVESTMENT MANAGEMENT FIRMS AND HEDGE FUNDS. Written by the firm’s founding partner, Holly Miller, and partner Philip Lawton, the work is a collection of essays that draws upon extensive practical experience to offer clear and compelling advice to recognize and decrease the risk of loss due to inadequate internal processes, people and systems or external events.
“In the wake of the global financial crisis, asset management firms are paying more attention, not only to investment risk management, but also to oversight of the operational risks that come with day-to-day activities like portfolio valuation. Stone House Consulting’s book contains timely and thought-provoking essays of current interest to operations and technology managers,” said Bruce J. Feibel, CFA, Managing Director, BNY Mellon.
Starting with complacency on the part of senior management, each of this book’s central chapters addresses one of the ways in which investment management firms may be exposed to unwelcome surprises. Other chapters focus on technology, workflows and aspects of the segregation of duties that are especially significant in the investment management industry, such as observing the distinction between the firm and the funds it manages.
The authors additionally bring their experience to bear on reconciliation gaps, the importance of knowing the firm’s counterparties and the regulatory regimes to which they are answerable, and the challenges of effective strategic planning in a rapidly changing marketplace.
“In worst-case scenarios, an investment firm’s failure to identify and mitigate operational risk can result in significant direct costs and a devastating loss of Read the rest of this entry »
Filed under: Hedge Fund / Alternative Investment Management, Operational Risk, Operations, Press Release, Published Article, Technology, Traditional Investment Management, book, business continuity, buy-side, Due diligence, hedge fund, investment management, Jennison no-action letter, operational excellence, operational risk, operations, press, recordkeeping, risk, SEC, separate accounts, technology, The Top Ten Operational Risks, Top 10, workflow
In part two of FTF News’ Q&A with Holly Miller, Stone House Consulting’s founding partner, discusses how to get IT and operations to work together effectively, the survey on investor communication and operational risk that Stone House is conducting with Infonic AG and innovative ways buy-side firms can leverage social media. Part one of the Q&A is here.
