Hedge Fund Focus

Hedge fund due diligence is one of the most important topics right now for both hedge fund managers and hedge fund investors who need to make sure they understand all aspects of a hedge fund manager’s investment program and structure.  The press release below discusses a new due diligence operational group who investigates both hedge funds and fund of funds.  Those investors who are thinking of investing in a hedge fund really need to think about due diligence - please feel free to contact us if you would like help.

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Corgentum Launches Consultancy to Provide Comprehensive Operational Due Diligence for Investors and Hedge Funds

Madoff Ponzi Scandal, Financial Crisis, Heightened Scrutiny from Regulators and Investors Thrusts Operational Risk to Forefront

NEW YORK, April 2 /PRNewswire/ — Jason Scharfman, author of Hedge Fund Operational Due Diligence: Understanding the Risks, John Wiley & Sons, Inc. 2008, today announced the launch of Corgentum Consulting, LLC, a full service hedge fund operational due diligence consulting firm. Corgentum’s focus is on working with investors — including fund of hedge funds, pensions, family offices and high-net worth individuals — to perform comprehensive operational due diligence on hedge funds. In addition, Corgentum will work directly with hedge funds to strengthen their operational risk management processes.

Prior to launching Corgentum, Mr. Scharfman was a senior member of a team that oversaw all of Morgan Stanley’s hedge fund operational due diligence efforts and which allocated in excess of $13 billion to a firm-wide platform of over 300 hedge fund managers, across multiple investment strategies. He also oversaw the operational due diligence function for a $6 billion alternative investment allocation group called Graystone Research at Morgan Stanley.

“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,” said Jason Scharfman, Managing Partner. “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.”

Corgentum’s mission is to ensure that investors have the knowledge and best possible tools to assess operational risk management. To this end, the firm utilizes proven proprietary methodologies and original operational risk research to diagnose and mitigate investors’ operational risk exposures and improve upon the overall efficiency and effectiveness of their operational due diligence process. The firm’s unique approach leverages off of Corgentum’s Resource Network, a team of senior industry practitioners with expertise in law, compliance, hedge fund auditing, fraud investigation and information technology.

Corgentum will also work with hedge funds to prepare for operational due diligence reviews, perform operational efficiency analyses to reduce Operational Drag(SM), and to recommend long-term sustainable operational risk solutions.

Corgentum is headquartered at 20 Fleet St. in Jersey City, New Jersey, 07306. Phone 201-360-2430. The Web site is www.corgentum.com.

CONTACT:
Kathleen Corless
Dukas Public Relations
212-704-7385 ext. 3601
Kathleen@dukaspr.com