(Investment Executive.Com) Hedge fund managers are facing increased scrutiny from institutional investors, regulators and the media. The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, on Tuesday released a new guide to operational risk management for asset management firms.
This is the first time AIMA has produced a guide dealing with all aspects of operational risk, rather than targeting particular areas such as cyber security, valuation and business continuity, the organization’s announcement says.
The new guide covers everything from trading, execution and market manipulation risk to business conduct and reputational risk, outsourcing risk, and counterparty risk.
