Hedge fund panel advocates CRO function

But new regulation would not necessarily resolve the systemic risk concerns cited by supervisors, according to a panel of hedge fund chief risk officers, speaking at the Risk USA conference in Boston in early June.

"In the second quarter of this year, we saw the potential for people to take the same risk," said Ken Grant, who works at London-based hedge fund Cheyne Capital. "Regulators do have a mandate to understand and monitor systemic risk, but it is a very difficult thing to get

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