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From Kirsten Bischoff, Opalesque New York: The world is constantly evolving, and the need to adapt to changing environments extends to all industries and to the people working within them. The hedge fund industry is no different, and many have been trying to look ahead and adapt in advance to the changes the current financial crisis will bring about.
Marc Groz, Managing Member of quant firm Topos LLC, author of "Forbes Guide to the Markets", former Chief Risk Officer of two multibillion dollar hedge funds, and the owner/inventor of several patented and patent-pending financial instruments, recently spoke to Opalesque about the expectations he has for the future of the hedge fund industry.
Risk management evolution: a cooperative partnership between managers and investors
Having sat on both sides of the table, both as a risk manager unearthing the intricacies of risk within different investment strategies, and then as a fund manager trying to communicate the risks of fund strategies, Groz is well aware of the frustrations which lie at both ends of the risk management equation. "The starting point may be that Wall Street has a real language problem", Groz says.
As the rate of redemptions has grown it is clear that even without government demands for increased transparency, funds will have to increase investors' understanding of risk in order to entice them to return to the indust...................... To view our full article Click here
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