Sat, Feb 28, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie