What Lies Beneath: An Examination of Risk on the Buy Side (Part 2)

The lasting effects of the 2008 financial crisis are still plain to see. Many components of the Dodd–Frank Act have yet to be finalized and deadlines remain undecided. But one success—depending on how you look at it—is the implementation of Form PF, an offshoot of the sweeping regulatory overhaul, designed to allow the US Securities and Exchange Commission (SEC) to examine systemic risk among buy-side institutions such as hedge funds and private equity firms.

Starting late last year, large hedge