Thu, Oct 27, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors, researchers call for better disaster planning, operational due diligence

Thursday, February 21, 2013

Bailey McCann, Opalesque New York:

Hedge fund investors and researchers gathered Tuesday at an invitation-only event, at the Harvard Club in New York City, to discuss the need for greater disaster planning and improvements to operational due diligence procedures in the wake of superstorm Sandy and a spate of insider trading, and rate manipulation stories. The event was hosted by Corgentum Consulting which provides independent operational due diligence services for hedge funds and private equity.

The panel included: Stephen Brown, David S. Loeb Professor of Finance, New York University; Adam Cohen, Head of Operational Due Diligence of Alternative Investments Group, Morgan Stanley Smith Barney; David Gold, Head of Operational Due Diligence Americas, Towers Watson, and Louis Rodriguez, Head of Operational Due Diligence, Arden Asset Management. It was moderated by Jason Scharfman, Managing Partner, Corgentum Consulting.

In the wake of superstorm Sandy, many of the panelists cited a greater need for both disaster recovery and business continuity plans. They noted that offsite storage, a common plan in place before this storm may not be the best option if travel to that location is impossible. Panelists noted that going forward, they would be looking more closely at how a given fund plans to maintain operations through a disaster.

As Opalesque previously r......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque