The +Financial Times
had a recent article re: the Axa case demonstrating a need for quant funds to prioritize and increase the scope of legal. The article suggests even having legal review and codify workflows for things like data cleansing and bug fixes.
Although large funds won't look forward to the increased costs, won't this become yet another competitive advantage for them over smaller funds? If this becomes something that sponsors expect to see, this could be another major barrier to entry for a start up quant fund.
#quant #hedgefund #legal