Risk management central to hedge fund capital raising, says survey

Over 80% of hedge funds believe risk management will become more central to raising assets in 2013, according to a survey by Prmia and SunGard APT.

While the percentage is virtually unchanged from 2012, it does show a long-term trend for risk management to be viewed not just as a cost centre but as an essential function.

One chief risk officer (CRO) of a US hedge fund commented in the survey: "[Risk management] is viewed by the board as a cost centre. From my perspective as CRO, I measure my suc