Stone House Consulting, LLC

Operational Risk #5: Naïve Reliance on Technology—The Downside of Automation

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We’re sorry—the article you are looking for is no longer available on our website. However, it is included in our book, The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds. Purchase your paperback copy or Kindle version!

Operational Risk #4: Dropped Batons—Hand-offs

Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training

Operational Risk #2: The Blind Leading the Blind—Overextended and Underqualified Managers

#1 Operational Risk: Complacency—Trivializing and Disregarding Risks

Fixes for Algo Trading Glitches Come from Within

Stone House partner Holly Miller discusses improved controls that can help prevent trading algorithm problems like the one that Deutsche Bank experienced on the Osaka Stock Exchange in June, for which the bank’s wrists were slapped this week. See the article in WatersTechnology’s Sell Side Technology magazine.

Top 10 Areas of Operational Risk for the Buy Side

Philip Lawton, Leading Performance Expert, Joins Stone House Consulting

FOR IMMEDIATE RELEASE

TUESDAY, 20 JULY 2010 – THORNTON, PA

Stone House Consulting, LLC announced that Philip Lawton, formerly head of the Certificate in Investment Performance Measurement (CIPM®) program at CFA Institute, has joined the firm as a partner.

Holly Miller, founding partner of Stone House Consulting, said, “Investment managers and hedge funds that excel in analyzing and communicating results have a competitive edge in gathering and retaining assets. Philip’s expertise and thought leadership strengthen our ability to guide firms toward best practices in performance and risk evaluation and client reporting.” Miller also said that Lawton’s knowledge of investment operations and his background in managerial accounting are a great fit with Stone House’s emphasis on improving manager profitability through benchmarking and service-based cost analyses.

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Are You Making the Most of Your Technology?

Proper systems implementations always require a complete review of the relevant operational workflows. Likewise, effective systems training will focus on those same workflows. Yet all too often, investment management firms pay inadequate attention to designing and optimizing their operational flows and fail to harness the full capabilities of expensive, best-in-class applications.

These days, when it is critical to squeeze every last drop of value out of limited resources, firms cannot afford to ignore their processing efficiency any longer. And with all the heightened attention to operational risk, firms that fail to take a fresh look at workflows do so at their own peril. The good news is that re-examination of an organization’s operational efficiency usually has a very short payback period.

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Stone House Consulting and Investit Partner to Offer Strategic Benchmarking and Consulting Services to Traditional and Alternative Investment Managers

FOR IMMEDIATE RELEASE

TUESDAY, 1 JUNE 2010 – NEW YORK AND LONDON

Stone House Consulting, LLC and Investit Ltd today announced a strategic partnership to provide traditional and alternative investment managers with a suite of consultancy services, industry research, best-practice benchmarking and self-assessment tools. These products and services are designed to help managers gather assets and successfully execute their high-level business plans.

“Heightened operational awareness and due diligence, increased transparency and additional regulatory demands are focusing greater attention on operations, IT and business processes than ever before,” according to Peter Ellis, managing director of Investit. He added, “This partnership will allow us to share ideas, glean local market insight and deliver enhanced services to clients closer to home, while at the same time extending our global reach. Our clients are as excited about this partnership as we are.”

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