From: Hedge Funds Form Data Group
More than 150 senior executives from across the hedge fund industry filled a midtown auditorium here recently to kick-off the formation and first meeting of the new Data Management Working Group for the Alternatives Industry (DMWGAI).
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At the launch, the recurring theme expressed by panelists and attendees was the importance of developing data management awareness within individual firms and the industry. In support of this, panelists talked about the many benefits that can be derived from a strong data management practice. Speakers explored how a robust data management program and governance can significantly reduce operational, regulatory and cyber security risks. The group also discussed how a strong culture of data management at individual firms can result in significant increases in operational efficiencies and related reductions in operating costs.
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