Operational Risk Red Flags: Lessons Learned from Ten Hedge Fund Blow-ups

Operational Risk Red Flags: Lessons Learned from Ten Hedge Fund Blow-ups

Penny Cagan, April 2008

This paper examines the lessons learned and ten specific 'red flags' that can be extracted from a case study analysis of recent hedge fund blow-ups, with emphasis on the Amaranth Advisors loss event.

Download PDF

Page 2 of 3PrevNext

Quantifying Capital for Operational Risk

Amidst a great debate over how to quantify capital for operational risk, this edition of 'OR' presents an overview of the alternatives and key considerations in selecting an approach for both internal economic and regulatory capital.

Download PDF

The First Gentle Steps

A discussion of how to achieve an operational risk cultural shift within an organization through the use of a series of common-sense qualitative measures.

Download PDF

Approach with Caution

An honest discussion of both the benefits and pitfalls of designing an operational risk program around an risk indicator approach. Includes examples of risk indicators and an examination of how to develop and track them.

Download PDF

Dependent Events and Operational Risk

Download PDF

Mark-to-Future and Operational Risk

Download PDF

Modelling Operational Losses

Download PDF

Regulatory Revolution Risks Civil War

Download PDF

Basel II and Beyond

Download PDF

Making A Scene

This article examines several instances of rogue trading and the underlying weaknesses within the financial institutions that allowed them to occur, with a focus of commonalities across the events.

Download PDF

The Actuarial Approach to Loss Distribution

Download PDF

Related Information

FIRST Database Login

Qualitative analysis of external operational risk events worldwide.

Operational Risk Solutions

Software, content and advisory services for operational risk managers.

Featured Case Study

An External Perspective

Prudential adds an external loss database to its framework of managing operational risk.

Download PDF