Clean up your room, hedge fund manager, or no dessert for you
| Mar 4th, 2010 | Filed under: Hedge Fund Operations and Risk Management, Today's Post | By: AAA Staff |
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Almost everyone has a flashback childhood memory of being threatened with not getting dessert (or even dinner, in this author’s case) without cleaning up the old bedroom first. Make the bed, clear out the dirty socks and underpants and get the stray toys and other garbage off the floor, and you’ll get your “allocation.”
It is abundantly clear that any hedge fund manager interested in receiving an allocation from an investor these days needs to do the same thing: clean up their room, or at least clean up their back-end operations, the two most important issues being reducing counterparty risk (and risk overall) and increasing transparency – the socks and the toys, if you will. More…
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