Speak To A Live Person: 888.302.4594 Request A Demo

Bridgewater’s Caution Highlights Vendor Risks

Sunday, January 20, 2013

One of the world’s largest global hedge funds, Bridgewater Associates, has taken an unusual step to address their operational risk. They have hired a second fund administrator, Northern Trust, to verify the accuracy of their primary fund administrator’s work on an ongoing basis. While Bridgewater’s move is unusual and much too expensive for smaller advisers, it does show just how much pressure there is on advisers to validate and supervise all areas of operations.