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.

About Red Oak Compliance Solutions

Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes. 

  • Categories

  • Get Started