In the post–Bernie Madoff era, it seems an investor can’t have too much help. At least that’s what the emergence of independent hedge fund operations experts, the newest group of consultants looking for a place at the table, seems to prove.
Due diligence specialists are in demand, and operational experts — people who oversee accounting reports, data feeds from prime brokers, trade confirmations and clearance — are betting that hedge funds are more likely than before to pony up for their services.
