Managing hedge funds' operational risks


It is widely accepted that due to their trading activities and unregulated status, hedge funds have potentially large exposures to non-financial risks. In the first of three articles, Jean-René Giraud looks at how far hedge funds are exposed to operational risks, what can be considered appropriate operational due diligence, and how operational risks might be quantified

By their very nature, hedge funds allow investors to be exposed to different risk factors, including volatility, counterparty

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