Corgentum – Working with Investors to Evaluate and Monitor Operational Drag® in Hedge Funds
Corgentum has released a new paper entitled, Corgentum – Working with Investors to Evaluate and Monitor 
Operational Drag® in Hedge Funds. This piece provides an introduction to the concept of Operational Drag®. Operational Drag® is defined as the negative effects of operational risks on the efficiency of an organization. The paper outlines how Corgentum’s proprietary hedge fund operational due diligence process goes beyond fraud detection to work with investors to analyze and monitor Operational Drag® in hedge funds in order to reduce our client’s exposure to hedge fund operational inefficiencies.
The paper is available for download in the research section of www.Corgentum.com or here.
Hedge Fund Operational Due Diligence: Operational Drag
Independent & Unbiased Hedge Fund Operational Due Diligence – Corgentum
Corgentum Consulting has released a new paper entitled, “Corgentum – Independent & Unbiased Hedge Fund Operational Due Diligence.”
This paper provides an overview of the importance of independence and objectivity in the Corgentum hedge fund operational due diligence process. This paper also outlines the benefits of Corgentum’s sole focus on operational due diligence as well as the benefits of Corgentum’s multidisciplinary approach.
The paper is available in the Research section of www.Corgentum.com or via direct link here.
Societe Generale’s Jerome Kerviel – Alleged Rogue Trader on File in Paris
Remember Jérôme Kerviel? He was the French rogue trader who (allegedly) cost Société Générale $6 billion in trading losses. His trial is now underway in Paris, France.
From some recent media coverage… “Former Société Générale chief Daniel Bouton, who resigned amid intense criticism just over a year ago, branded Kerviel “a terrorist” at the time. But Kerviel quickly became a romantic underdog – a clever anti-hero seen to be caught in the massive cogs of finance, who was only trying to do his job. T-shirts around Paris read, “I am Jerome’s girlfriend,” and he wrote a tell-all book, published last month.”
His book is called L’engrenage, Mémoires d’un trader . Kerviel even had a graphic novel comic book made about his escapades (Le Journal De Jérôme Kerviel).
Here is a video about Kerviel back in court:
Here is an interview from French television (in French) with Kerviel:
But I think these British puppets might describe the whole rogue trader situation the best:
Or perhaps this sums it up more succinctly:
