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Hedge Fund Operational Due Diligence: Understanding the Risks
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Hedge Fund Operational Due Diligence: Understanding the Risks Hardcover - 2008 - 1st Edition

by Scharfman, Jason A

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  • Hardcover

Description

Wiley, 2008. Hardcover. Like New. How to diagnose and monitor key hedge fund operational risks With the various scandals taking place with hedge funds, now more than ever , both financial and operational risks must be examined. Revealing how to e ffectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multi-jurisdictional regulatory coordination, organiz ational nesting, and vaporware, Hedge Fund Operational Due Diligence includ es real-world examples drawn from the author's experiences dealing with the operational risks of a global platform of over 80 hedge funds, funds of hedge funds, private equity, and real estate managers. Editorial Reviews Review "Informative book by Jason Scharfman, on, well, pretty much everything you need to run a hedge fund...Scharfman also explains the reliance on technolo gy that is becoming ever more apparent in hedge funds, the dangers of phant omware, and questions that should be asked before committing to any new tec hnology." (hedgeco.net, January 26th, 2009) "In his book, Jason Scharfman identifies these operational risks and recomm ends a strong and innovative "operational" due diligence review program as the best defense against them. His book outlines a step-by-step guide that shows investors how to effectively detect and evaluate often-overlooked ope rational risk factors in hedge funds and other investments in order to prov ide hedge funds and their investors with the skills to understand and hopef ully mitigate these risks." (The Hedge Fund Law Report, January 8, 2009) From the Inside Flap Hedge Fund Operational Due Diligence Understanding the Risks One need only glance at the.
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Details

  • Title Hedge Fund Operational Due Diligence: Understanding the Risks
  • Author Scharfman, Jason A
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Condition New
  • Pages 320
  • Volumes 1
  • Language ENG
  • Publisher Wiley, West Sussex
  • Date 2008
  • Features Bibliography, Dust Cover, Index, Table of Contents
  • Bookseller's Inventory # RWARE0000062364
  • ISBN 9780470372340 / 0470372346
  • Weight 1.19 lbs (0.54 kg)
  • Dimensions 9 x 6.1 x 1.5 in (22.86 x 15.49 x 3.81 cm)
  • Library of Congress subjects Risk management, Hedge funds
  • Library of Congress Catalog Number 2008023249
  • Dewey Decimal Code 332.645

From the publisher

Includes index.

From the jacket flap

Hedge Fund Operational Due Diligence

Understanding the Risks

One need only glance at the cover of the Wall Street Journal or turn on CNBC to learn about the latest debacle befalling hedge funds, due to poor operational oversight and controls. Long viewed by many hedge fund investment professionals as one of life's necessary evils and a distraction from the "real" business of investing, the field of operational due diligence has finally caught on today as an essential area of hedge fund risk management.

Filled with real-world examples drawn from the author's experiences dealing with the operational risks of a global hedge fund platform, Hedge Fund Operational Due Diligence: Understanding the Risks clearly outlines a flexible framework to enable you to diagnose a hedge fund's operational risks. This user-friendly, step-by-step guide shows you how to effectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multijurisdictional regulatory coordination, silo creation, operational drag, organizational nesting, and vaporware, to equip you with a complete understanding of the importance and benefits of a comprehensive operational due diligence program.

Designed to enable hedge fund personnel to perform self-diagnostic health checks and determine areas in which operational improvements are needed using the techniques described, this timely book:

  • Features an analysis of the failed Bayou Hedge Fund Group, highlighting how operational risks can bring down an organization

  • Explains how to diagnose and analyze the operational risks that may be present in a hedge fund

  • Covers the primary, secondary, and blended operational risk factors present in the vast majority of modern hedge fund organizations

  • Offers techniques for the modeling of operational risk

  • Explores how to factor the results of operational risk analysis into the overall hedge fund asset allocation process

A strong operational infrastructure serves as a crucial backbone to the modern hedge fund, without which even the smartest money managers in the world could not thrive. Hedge Fund Operational Due Diligence: Understanding the Risks provides you with the necessary tools to effectively consider operational reviews in conjunction with investment reviews.

About the author

JASON A. SCHARFMAN is a Director with Graystone Research at Morgan Stanley. His responsibilities include analyzing and reporting on the operational risks of alternative investments such as hedge funds, funds of hedge funds, and private equity considered for investment. He also makes recommendations to the firm's investment committee based on that analysis. He has written on the subject of operational due diligence and travels and speaks worldwide on hedge fund operational risks.