Credit crunch increases pressures on hedge funds

PwC white paper highlights attention on control framework

Hedge funds will face increasing pressure from investors to ensure they have robust operational controls and risk management, a report from PwC has claimed. According to the firm's latest white paper, one of the consequences of the crisis has been to focus attention on ensuring there is a robust control framework in existence on these vehicles. Graham Phillips, European hedge fund practice leader and a partner at PricewaterhouseCoopers (UK), said: "It would not be surprising if investors start to request increasing levels of comfort on key operational risks pertinent to these sort of st...