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Hedge Fund Back Office Press Room
"adverse changes in market prices ...can lead to widespread financial panic"
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source http://www.frbatlanta.org
"...spreadsheet calculations in a company are not tested independently for accuracy and the probability of material error is way over 90pc"
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source http://www.telegraph.co.uk
"For hedge fund managers yearning to know which clients come or go, Ron Kashden may have developed the next best thing to a crystal ball"
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source http://www.reuters.com
"Far too many of today's hedge fund managers do not follow this golden rule ...the result is frequent weakness in core accounting controls"
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source http://www.castlehallalternatives.com
"...firms are very discerning. They would rather leave a position vacant than fill it with an unqualified candidate"
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source http://www.jobsinthemoney.com
"it is completely possible that a single, large, complex but erroneous spreadsheet could directly cause the accidental loss of a corporation or institution"
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source http://www.spreadsheetrisks.com
"investors and consultants alarmed about a capacity shortage believe there are simply not enough good managers to go around"
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source http://www.nymex.com
"the hedge fund industry faces critical staffing problems"
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source http://www.efinancialcareers.co.uk
"...half of hedge fund blowups since 2000 have resulted from backoffice inefficiencies"
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source http://www.carbonbasedconsulting.com
"Operational risk...refers to risk owing to human error or risk due to an inadequate administrative system"
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source http://www.hedgefundsdemystified.net
"operational risk higher on the management agenda for hedge funds"
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source http://www.ezecastleintegration.com
"The fund of hedge fund industry is extraordinarily under-automated, and technology has lagged"
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source http://www.efinancialnews.com
"The disadvantages and dangers of spreadsheets outweigh the conveniences"
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source http://businessfinancemag.com
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