You re Invited: Hedge Fund Operational Due
Diligence Webinar
Corgentum Consulting will host a Webinar titled, Effective
Techniques for Evaluating Fund Service Providers and
Counterparties
New York, NY (PRWEB) May 23, 2012
Corgentum Consulting, the leading provider of the industry’s most comprehensive hedge fund
operational due...
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You re Invited: Hedge Fund Operational Due Diligence Webinar Corgentum Consulting will host a Webinar titled, Effective Techniques for Evaluating Fund Service Providers and Counterparties New York, NY (PRWEB) May 23, 2012 Corgentum Consulting, the leading provider of the industry’s most comprehensive hedge fund operational due diligence reviews, will host a Webinar titled, “Effective Techniques for Evaluating Fund Service Providers and Counterparties,” on June 14, 2012, at 10:30am EDT. Join Jason Scharfman, Managing Partner of Corgentum Consulting, and Scott Price, Vice President of Custom House Group, as they examine the effective techniques for evaluating fund service providers and counterparties. DATE: June 14, 2012 TIME: 10:30am to 11:30am EDT SPEAKERS: Jason Scharfman, Managing Partner of Corgentum Consulting; and Scott Price, Vice President of Custom House Group Hedge fund service providers and counterparties are playing an increasingly key role in fund operations. The Webin
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From scharfman
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Pub. on May 23rd 2012
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© 2012 Corgentum Consulting, LLC
AIMA KPMG Study Shows Investors Need to Be
Proactive About Due Diligence
A new study was recently released by hedge fund industry lobby group AIMA in conjunction with
KPMG.
They surveyed 150 hedge fund managers from around the globe.
The study primarily focuses
on the changing nature of the hedge...
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© 2012 Corgentum Consulting, LLC AIMA KPMG Study Shows Investors Need to Be Proactive About Due Diligence A new study was recently released by hedge fund industry lobby group AIMA in conjunction with KPMG. They surveyed 150 hedge fund managers from around the globe. The study primarily focuses on the changing nature of the hedge fund industry focused on around asset flows and a predicted continuing trend of institutional investors continuing to allocate to hedge funds going forward. One interesting point in the study was that the data showed that nearly 90% of the hedge funds surveyed reported increased investor due diligence since 2008. As part of this increased demand for due diligence, the survey also highlights the increased need for investor transparency in hedge fund operations. Interestingly, the data shows that those hedge funds have not universally responded by hiring additional staff to support the demands of this increased transparency. Of note: 68% of hedge fund man
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From scharfman
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Pub. on May 23rd 2012
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© 2012 Corgentum Consulting, LLC
Corgentum’s Top Five Tweets of the Week of
May 14, 2012
These are Corgentum’s top five tweets of the week of May 14th.
Follow
Corgentum Consulting on Twitter @Corgentum.
1) Chesapeake’s $3 Billion Lifeline Heaps Pressure on McClendon (Update 2) ow.
ly/aTt1z
2) Red Flags Said to Go Unheeded by...
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© 2012 Corgentum Consulting, LLC Corgentum’s Top Five Tweets of the Week of May 14, 2012 These are Corgentum’s top five tweets of the week of May 14th. Follow Corgentum Consulting on Twitter @Corgentum. 1) Chesapeake’s $3 Billion Lifeline Heaps Pressure on McClendon (Update 2) ow. ly/aTt1z 2) Red Flags Said to Go Unheeded by Bosses at JPMorgan - Are you ignoring similar red flags during #duediligence? ow. ly/aV1pC 3) Watchdogs too slow to expose Trio #fraud ow. ly/aWRQD 4) JP Morgan unit has $100bn of risky bonds, Credit hedge funds benefit, equity funds may lose on JPMorgan. . . ow. ly/aZQJO 5) #SEC charges fund manager Mark Spangler with #fraud http://ow. ly/aZQyk For more information: Email: info@corgentum. com Tel: 201. 360. 2430 www. Corgentum. com
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From scharfman
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Pub. on May 18th 2012
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© 2012 Corgentum Consulting, LLC
Kupersmith Admitted to Free-Riding Scam
Several traders, including an individual named Scott Kupersmith, employing a scam known as
free-riding, recently admitted his guilt.
Free riding effectively employs a scheme where through
manipulation, a customer buys or sells securities in a brokerage account...
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© 2012 Corgentum Consulting, LLC Kupersmith Admitted to Free-Riding Scam Several traders, including an individual named Scott Kupersmith, employing a scam known as free-riding, recently admitted his guilt. Free riding effectively employs a scheme where through manipulation, a customer buys or sells securities in a brokerage account without having the money or securities to pay for them. According to the SEC, Kupersmith and his compatriots, used various aliases and stories to fraudulently opening brokerage accounts. These included using corporations owned by Kupersmith to disguise his identity. Mr. Kupersmith, using a family member’s identity, also claimed to be a money manager for hedge funds. On other occasions he even claimed that he ran a small hedge fund with approximately $50 million in assets under management. An interesting aspect of this case is that effectively Mr. Kupersmith, and his cohorts, fooled broker dealers and executing brokers into opening accounts with them
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From scharfman
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Pub. on May 16th 2012
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© 2012 Corgentum Consulting, LLC
The Importance of Highlighting Manager Strengths
During Operational Due Diligence
When investors think of the concept of operational due diligence being performed on fund
managers, it is easy to focus on the negatives.
Often times, some of these negatives can include,
what practices a fund manager is...
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© 2012 Corgentum Consulting, LLC The Importance of Highlighting Manager Strengths During Operational Due Diligence When investors think of the concept of operational due diligence being performed on fund managers, it is easy to focus on the negatives. Often times, some of these negatives can include, what practices a fund manager is employing that deviate from best practice that may present unnecessary risks to both the fund and investors. These operational risks can run the gamut from traditional back office operations to other areas such as valuation, service providers and information technology. Many investors view the goal of operational due diligence as only to detect and analyze operational risk in hedge funds. While, these are certainly key goals of the process, an operational due diligence review of a fund manager can also add value in other ways. One often useful output of the operational due diligence process, which is too often overlooked, is not what a fund manager is
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From scharfman
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Pub. on May 14th 2012
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© 2012 Corgentum Consulting, LLC
Corgentum’s Top Five Tweets of the Week of
May 7, 2012
These are Corgentum’s top five tweets of the week of May 7th.
Follow Corgentum
Consulting on Twitter @Corgentum.
1) #Wall St.
does not know how to value #privateequity according to Forbes article - reason
for discount at Carlyle IPO? ow....
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© 2012 Corgentum Consulting, LLC Corgentum’s Top Five Tweets of the Week of May 7, 2012 These are Corgentum’s top five tweets of the week of May 7th. Follow Corgentum Consulting on Twitter @Corgentum. 1) #Wall St. does not know how to value #privateequity according to Forbes article - reason for discount at Carlyle IPO? ow. ly/aKylB 2) #fraud alert - Dimitry Vishnevetsky #hedge fund and Oxford Capital charged with commodity pool fraud by #CFTC ow. ly/aMA8L 3) Private Equity Alert: Centro Agrees to Record $202 Million Lawsuit Settlement ow. ly/aNuOt 4) Millionaire financier Chris Ruffle under investigation over £5m #fraud http://ow. ly/aQzMG 5) Millionaire financier Chris Ruffle under investigation over £5m #fraud http://ow. ly/aQzMG For more information: Email: info@corgentum. com Tel: 201. 360. 2430 www. Corgentum. com
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From scharfman
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Pub. on May 11th 2012
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© 2012 Corgentum Consulting, LLC
Using Operational Due Diligence To Avoid
Fraud: Vishnevetsky’s Example
Posted on May 9, 2012
Allegations of fund manager fraud continues to be in the news.
One of the more recent items of note are the allegations brought against commodity pool
operator Dimitry Vishnevetsky and his Hodges Trading and...
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© 2012 Corgentum Consulting, LLC Using Operational Due Diligence To Avoid Fraud: Vishnevetsky’s Example Posted on May 9, 2012 Allegations of fund manager fraud continues to be in the news. One of the more recent items of note are the allegations brought against commodity pool operator Dimitry Vishnevetsky and his Hodges Trading and Oxford Capital. It has been alleged that this scheme has been perpetrated since September of 2006 and has caused almost $2 million in losses. In a complaint against Vishnevetsky et. al. , the CFTC alleged that he obtained money through a variety of fraudulent schemes focused around a commodities fund that he allegedly told investors that he traded in. The problem, the CFTC alleges, is that no trading actually occurred. The CFTC complaint further alleges that Vishnevetsky: Misappropriated a portion of investors money and issued false account statements to them Defrauded customers by failing to open and fund commodity trading accounts for them Mis
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From scharfman
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Pub. on May 9th 2012
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© 2012 Corgentum Consulting, LLC
Corgentum Consulting’s Managing Partner
Authors Essential Book for Investors Titled,
‘Private Equity Operational Due Diligence’
PRWeb – Tue, Apr 10, 2012
Newly Released Handbook by Jason Scharfman is an Indispensable Guide for Assessing
Essential Non-Investment Operational Risks and Mandatory...
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© 2012 Corgentum Consulting, LLC Corgentum Consulting’s Managing Partner Authors Essential Book for Investors Titled, ‘Private Equity Operational Due Diligence’ PRWeb – Tue, Apr 10, 2012 Newly Released Handbook by Jason Scharfman is an Indispensable Guide for Assessing Essential Non-Investment Operational Risks and Mandatory Reading for Limited Partners (PRWEB) April 10, 2012 Managing Partner of operational due diligence consulting firm Corgentum Consulting and former senior team member at Morgan Stanley’s Graystone Research, Jason Scharfman, has authored a groundbreaking new book, “Private Equity Operational Due Diligence: Tools to Evaluate Liquidity, Valuation and Documentation”, John Wiley & Sons, Inc. , 371 pp, which is available today. “Private Equity Operational Due Diligence” addresses the unique aspects and challenges associated with performing operational due diligence reviews on both private equity and real estate funds. This essential guide provides readers with the tools
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From scharfman
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Pub. on May 9th 2012
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© 2012 Corgentum Consulting, LLC
Corgentum’s Top Five Tweets of the Week of
April 30, 2012
These are Corgentum’s top five tweets of the week of April 30th.
Follow
Corgentum Consulting on Twitter @Corgentum.
1) SEC Fines Adviser Over Ties To Hedge Fund Accused Of #Fraud ow.
ly/aC3NK
2) According to a recent article in Pensions &...
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© 2012 Corgentum Consulting, LLC Corgentum’s Top Five Tweets of the Week of April 30, 2012 These are Corgentum’s top five tweets of the week of April 30th. Follow Corgentum Consulting on Twitter @Corgentum. 1) SEC Fines Adviser Over Ties To Hedge Fund Accused Of #Fraud ow. ly/aC3NK 2) According to a recent article in Pensions & Investments, #Hedgefunds need more accountability. . . ow. ly/aC3Xy 3) Special Report: Inside Chesapeake, CEO ran $200 million #hedgefund ow. ly/aElhZ 4) Regulations, investor demands put pressure on #hedgefunds ow. ly/aEBBt 5) Feds sue Utah #hedgefund owner ow. ly/aFTZH For more information about Corgentum s operational due diligence services: Email: info@corgentum. com Tel: 201. 360. 2430 www. Corgentum. com
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From scharfman
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Pub. on May 4th 2012
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© 2011 Corgentum Consulting, LLC
Corgentum’s Top Five Tweets of the Week of
April 23, 2012
These are Corgentum’s top five tweets of the week of April 23rd.
Follow Corgentum Consulting
on Twitter @Corgentum.
1) This report outlines the risks of Asian based #fund managers ignoring #FACTA
ow.
ly/asb13 #compliance #risk
2) Father...
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© 2011 Corgentum Consulting, LLC Corgentum’s Top Five Tweets of the Week of April 23, 2012 These are Corgentum’s top five tweets of the week of April 23rd. Follow Corgentum Consulting on Twitter @Corgentum. 1) This report outlines the risks of Asian based #fund managers ignoring #FACTA ow. ly/asb13 #compliance #risk 2) Father and son #hedgefund team (GMB) who fed #Madoff settle with #SEC over false strategy statements ow. ly/asbfb #fraud 3) Louisiana Pensions could benefit from #operational #duediligence news. hedgefund. net/default. aspx?s… 4) Hedge fund accused of unlicensed trading. . . It s always important to use #operational #duediligence ow. ly/ax5up 5) Bawag Bankers Who Lost Billions Begin Austrian Retrial http://ow. ly/ayzcg For more information: Email: info@corgentum. com Tel: 201. 360. 2430 www. Corgentum. com
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From scharfman
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Pub. on Apr. 27th 2012
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