A new study uses a major fund of fund's private stash of data to examine hedge fund leverage. Regulators take note...

As researchers discover new genes that influence hedge fund returns, new medicines are possible - and new questions need to be raised.

How do you calculate the "average" leverage in a portfolio of hedge funds when some funds shun borrowing while others are leveraged to the hilt?

The effect of the Lehman bankruptcy still reverberates around the prime brokerage industry in the form of business model innovation.

Traditionally, hedge fund databases have focused on performance-related metrics, relegating qualitative factors to the back-burner. However, Morningstar has recently created a metric that captures both quantitative and qualitative information. Morningstar's Steve Deutsch takes it for a test drive.

A new white paper proposes assigning a haircut to fund NAVs before a liquidity-demanding event occurs - rather than after.

Demand for, and supply of, leverage certainly isn't what it used to be, but a new study suggests both investors and hedge fund managers are re-gaining confidence with it.

The press had a field day coming up with shocking headlines about a recent research report published by the European School of Management & Technology. Too bad the headlines weren't exactly accurate.

"Flash crash" aside, a recent report on alternative trading systems in Europe, particularly dark pools, lends credence to the benefits that electronic trading and opacity can bring to trading and financial markets.

A new white paper provides a good introduction to this increasingly important topic for pensions, endowments and sovereign wealth funds.

A recent report from McKinsey & Co. is critical of the risk management processes used by many institutional investors. The firm's response amounts to a call-to-arms for risk management professionals.

Harry Markopolos, the now-famous Madoff whistleblower, has put in words his story of how (and why exactly) no one listened to his repeated calls that Bernard Madoff was a giant fraud.

Securities lending is alive and well, but it's not just about institutional assets anymore. A new report by Finadium points to the yet-untapped potential riches of fully paid retail brokerage assets.

A new survey notes that managers are beefing up their operations as a way to mitigate counterparty risk and put potential investors at ease. Figuring out what the right standards and procedures should be is easier said than done.

The administrator in charge of distributing the frozen assets of Lehman Brothers Holdings Inc. announced last week that it had struck a deal to return some $11 billion to creditors. But how exactly are those assets being valued?

If there's one party all the cool investors are clamoring to get into, it's the counterparty, according to a research report released this week by TABB Group.

The vast majority believe there is, and should be, a new world order when it comes to operational due diligence. Yet not everyone believes new and improved methods can accomplish much more than before.

An academic study finds that a hedge fund's source for pricing data can tell you a lot about its propensity to "smooth" returns.

A study by the European Central Bank explores what happens when hedge fund investors and prime brokers want their money back in a hurry.

Gone are the days where calculating NAV was a guesstimate and where an administrator's role was the rubber stamp it. Say hello to the new era of daily NAV calculations, third-party verifications and accountable administrators.

For most businesses, completely taking down the sails and ceasing operations involves a lot more than a letter to investors and six-week's notice. Not for Galleon, apparently.

A recent review of investor-commissioned due diligence reports reveals that the biggest risk indicator might actually be the existence of the reports themselves.

Prime brokers are starting to turn the credit taps on again, but is the "c" for credit, or consolidation?

Everyone knows that risk management didn't work as well as hoped during the recent calamity. The question now is what might work the next time the Black Swan surfaces. Professor William Shadwick has a few suggestions.

A detailed review of over 300 hedge fund failures reveals some surprising and counterintuitive findings.