Necessary operational due diligence
FEATURE: OPERATIONAL RISK
This second article of three on hedge funds' operational risks proposes a pragmatic approach to conduct operational due diligence to understand why some hedge funds are potentially more exposed to support a well-informed investment process. Based on top-down assessment of the likelihood of operational events occurring within hedge funds, we also investigate the important costs associated with such a systematic and repeatable process.
Objectives and Limitations
By their very nature, hedge funds
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