Tue, Sep 27, 2016
A A A
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco