It is hard to overstate the risks expense allocation poses to the alternative investment industry: “A hedge fund hired us to investigate a claim of misallocation by one of its investors,” an industry consultant told us. “After a long and costly process, we discovered...
A client came to us with a problem. A business critical Excel workbook of theirs had become too complicated to manage safely and they wanted it automated. It sounded simple enough. Then I opened the workbook. Inside I found six chaotic spreadsheets all cross...
