Operational risk

From Russia... with gloves on

Shareholder activism in Russia has historically been a distinctly dangerous pastime, but for investors in The Hermitage Fund and its manager William Browder, it has produced returns of 990% since 1996.

Hedge funds solve the risk culture puzzle

As recent reverses amply demonstrate, risks beyond investment risk can cause even the most sophisticated hedge funds to take a battering. Navroz Patel finds out about leading managers' greatest fears, and how they are tackling thorny issues such as…

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