S&P to set up hedge fund evaluation service
MEASUREMENT
S&P has announced that it has updated the criteria for rating hedge funds to incorporate all aspects of risk when investing in hedge funds, including greater emphasis on operational risk. The rating agency would consider infrastructure issues such as the back office, improper working practices of traders, financial and trader controls and valuation procedures, as well as general governance issues such as conflict of interest, and the segregation of duties between the front and back offices in
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