Event: Why Should Hedge Funds Care About Operational Risk
Date: September 20
Time: 5:30 Registration, 6:00 Program Begins, 7:30 Reception
300 Madison Avenue
New York City
The Operational Risk Committee of the International Association of Financial Engineers presents
Jill Eicher, Managing Director, Adaptive Alpha
Marina Lewin, Managing Director, Bank of New York
Reiko Nahum, Founder and CEO, Amber Partners
Said Rafat, Managing Director, Fitch Ratings
Charles Fishkin, Director, Office of Risk Assessment, SEC
Does Operational Risk Matter for Hedge Funds?
This session will focus on the issue of whether managing operational risk matters for the hedge fund sector or is purely the “hot topic” of the moment. This lively discussion will include a consideration of whether hedge funds should truly be concerned with issues that have been recently targeted by regulators: mis-pricing, fraud, governance, transparency and reporting. And beyond audacious instances of fraud, how concerned should investors be with establishing that hedge funds know how to run their businesses in addition to managing their portfolios? The discussion will also consider whether hedge funds, as they continue to move into more mainstream financial markets, have the same sort of responsibilities to their investors as other more regulated sectors, such as asset managers and brokers.
The summary of this event is available here.