July 2009
"... bolster our capabilities as we will be able to perform some functions in house, such as Operational Due Diligence, which were previously run through an outsourced service provider."
This simply underscores the inefficiencies of the Hedge Fund of Funds industry pre-Madoff and the apparent lack of operational due diligence for many firms. The good news is that the industry has upgraded this area since 2009.
Monday, February 20, 2012
Thursday, February 9, 2012
HedgeSpeak: Side Pockets Anyone?
December 2005
"These adjustments are designed to provide additional comfort to investors. First, we are committing that no side pocket investment will have a duration of greater than 10 years."
No comment.
"These adjustments are designed to provide additional comfort to investors. First, we are committing that no side pocket investment will have a duration of greater than 10 years."
No comment.
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