Immediate risks, distant rewards

1. Greenwich and Omgeo: Top-tier hedge funds beefing up in-house risk management

Hedge fund managers have stepped up efforts to reduce counterparty risk, add prime brokers and increase transparency in order to attract investor capital.

A new white paper published by Omgeo and Greenwich Associates, A new dawn for hedge fund operations: Reducing risk and building investor confidence, surveyed 52 hedge fund managers each with more than $1 billion under management based in North America, Europe and