There are a myriad legal risks that face any hedge fund. These range from a variety of concerns that are within the power of an investment management company to control to outside influences that are hard to second-guess, such as government regulation. What is clear is that the industry is confronting several areas where legal risks are clearly a growing concern.
Legal risks should not be divorced from other risks such as operational, liquidity, credit and investment risk, says John Donohoe, CEO
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