Friday, 19 September 2014
Last updated 3 hours ago
Apr 2 2009 | 12:29pm ET
Jason Scharfman, a former senior member of Morgan Stanley’s hedge fund operational due diligence team, has launched a consulting firm.
Corgentum Consulting’s focus is on working with investors—including funds of hedge funds, pensions, family offices and high-net worth individuals—to perform operational due diligence on hedge funds. In addition, the firm will work directly with hedge funds to strengthen their operational risk management processes.
At Morgan, Scharfman oversaw the operational due diligence function for a $6 billion alternative investment allocation group called Graystone Research.
“Investors today are focused on operational risk because of a series of high profile hedge fund failures, the majority of which have poor operational planning at their core,” Scharfman. “Recent market events have demonstrated the need for more comprehensive and frequent investor due diligence on a hedge fund’s operational risks. Corgentum will help investors to meet the challenges of this new demand.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.