Should hedge funds outsource risk management?

For new hedge fund managers, most might say that their investment know-how is their leading skill-set. Then they find that they have the drudge of employing electricians, fixing computers and getting the carpets cleaned. Risk management however, is more of a grey area. Many might see that as part and parcel of the investment monitoring process, and an activity they want to handle personally, others can see as something that can be logistically useful to get outsourced to a specialist.…