Thursday, 30 June 2016
Last updated 6 min 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.”