11.11.2004 Opalesque Exclusive: The curious findings of a hedge fund due diligence expert, says 19% of all funds run with weak risk management and 11% with heightened fraud risk

From the Hedge Funds World conference in Zurich: Patric Wisard from Swiss based due diligence experts AICONS reminded that 56% of hedge fund collapses are directly related to one or several operational processes, not investment strategies (Capco study 2003). In his view, hedge fund investor’s risk management is operational due diligence. AICONS performs operational due diligence, needing two exper

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