Back Office & Operations Technology & Risk Management

Technology lapses putting investors at risk, RFA finds


A 12-month review of risk assessment in information technology, business processes and compliance practices at more than two dozen alternative investment firms found lapses that present risks for institutional investors in hedge funds, according to outsourced technology firm Richard Fleischman & Associates (RFA).

The areas of business continuity planning, IT policy and code of conduct and IT security were found to be deficient by RFA, which is now offering a due diligence assessment analysis to its 400 clients. The analysis is from an institutional investor’s perspective and prioritises remedies in anticipation of investor requests.

The RFA due diligence review is