From HedgeFund.Net:
A onetime Morgan Stanley higher-up opened a hedge fund consulting firm on Thursday.
Jason Scharfman characterized his Corgentum Consulting as a provider of operational due diligence, noting the need for due diligence has been brought to the fore via the Bernard Madoff scandal.
Scharfman went to state that due diligence is turning into a third-party service, and less of an in-house function. The firm has contracted a network of people to vet a hedge fund, Scharfman said.
Scharfman authored a book on hedge fund operational due diligence in 2008. At Morgan Stanley, he oversaw due diligence for a $13 billion hedge fund platform.
Corgentum is based in Jersey City, N.J.
The full article can be read here.
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