By Maria Korolov and Jojo Puthuparampil •  September 24, 2007  •  Securities Industry News  •  1,442 words

From fraud to exotic instruments, funds face risk management challenges
As hedge funds manage increasingly vast, complex and exotic portfolios, there is a growing concern about portfolio managers’ risk and compliance officers’ understanding of their risk exposures.
Over the past five years, the number of hedge funds has doubled, to more than 8,000, and total… Read the rest