Hedge funds susceptible to risk failures

At least 30% of hedge funds have poor risk management that makes them susceptible to failure, according to a report from consultancy Deloitte & Touche.

In a study of hedge fund risk management practices, the company identified nine red flags - areas of risk management where a significant number of hedge fund advisers are falling short of good risk management techniques.

"Not using position and industry concentration limits is a disaster waiting to happen," the study's authors wrote. Of the