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- Advanced Praise Offered by Leading Industry Executives including Bruce J. Feibel, CFA, Managing Director, BNY Mellon and Bill Bogle, Partner and Chief Compliance Officer, NEPC LLC
- Available Now in Paperback and Electronically via Amazon Kindle
Thornton, Penn. – December 13, 2010 – Stone House Consulting, LLC, today announced the release of its first book entitled THE TOP TEN OPERATIONAL RISKS: A SURVIVAL GUIDE FOR INVESTMENT MANAGEMENT FIRMS AND HEDGE FUNDS. Written by the firm’s founding partner, Holly Miller, and partner Philip Lawton, the work is a collection of essays that draws upon extensive practical experience to offer clear and compelling advice to recognize and decrease the risk of loss due to inadequate internal processes, people and systems or external events.
“In the wake of the global financial crisis, asset management firms are paying more attention, not only to investment risk management, but also to oversight of the operational risks that come with day-to-day activities like portfolio valuation. Stone House Consulting’s book contains timely and thought-provoking essays of current interest to operations and technology managers,” said Bruce J. Feibel, CFA, Managing Director, BNY Mellon.
Starting with complacency on the part of senior management, each of this book’s central chapters addresses one of the ways in which investment management firms may be exposed to unwelcome surprises. Other chapters focus on technology, workflows and aspects of the segregation of duties that are especially significant in the investment management industry, such as observing the distinction between the firm and the funds it manages.
The authors additionally bring their experience to bear on reconciliation gaps, the importance of knowing the firm’s counterparties and the regulatory regimes to which they are answerable, and the challenges of effective strategic planning in a rapidly changing marketplace.
“In worst-case scenarios, an investment firm’s failure to identify and mitigate operational risk can result in significant direct costs and a devastating loss of reputation,” said Holly Miller and Philip Lawton. “It may take years to reassure investors, regulators and trading partners that the firm is well-managed.”
“Investment operations can be complex, and yet the back office is often overlooked. The authors explain the risks and provide clear guidance for best practices,” said Bill Bogle, Partner and Chief Compliance Officer, NEPC LLC.
THE TOP TEN OPERATIONAL RISKS: A SURVIVAL GUIDE FOR INVESTMENT MANAGEMENT FIRMS AND HEDGE FUNDS is currently available for purchase in paperback for $24.95, and an Amazon Kindle version is also available for $22.45.
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About Stone House Consulting, LLC
Stone House Consulting provides strategic, operational and IT consulting services to investment managers and hedge funds. Stone House consultants possess a breadth of knowledge and first-hand experience that is unparalleled in the industry, with proven, hands-on, buy-side experience across all instrument types and all investment vehicles. We understand the competing demands, requirements, deadlines and priorities that our clients face every day. And we have seen the pitfalls first hand.
Stone House’s Cornerstone program is designed to ensure asset managers reduce their costs by 10-30% within a year. Managers find it to be a critical input to their strategic planning, budgeting, compensation, outsourcing evaluations and profit evaluations of strategies, products and client relationships.
In June 2010, Stone House Consulting, LLC and Investit Ltd. announced a strategic partnership to enhance both firms’ benchmarking capabilities. For further information, go to www.stonehouseconsulting.com.
Stone House Consulting, LLC 