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You are tasked to perform due diligence on a hedge fund and specifically its risk management process. According to Mirable, which of the following is MOST LIKELY to be a red flag?
A
The fund's Risk Manager reports to the Portfolio Managers with dotted-line reporting to the Traders.
B
The fund employs an independent Risk Service Provider but the provider is not co-located at the firm's headquarters.
C
The fund claims that its process for originating and controlling risk is "complex".
D
The fund employs different strategies but they each tend to incur a different set of risks, rather than a common set of risks.
