Kroll, the investigative research firm which is part of the Marsh insurance group, this week published their Global Fraud Report. Conducted by the Economist Intelligence Unit, the survey covered almost 900 senior executives and is available here.
While this is not a survey directed at the hedge fund industry, or even the financial services sector, there are plenty of thought provoking findings. For example:
"High staff turnover is the most frequent cause of increased exposure to fraud, which is cited by 32% of respondents. Close behind are complex IT arrangements (31%), entry into new markets (28%) and increased collaboration between unrelated companies (26%) – all of which are factors that are closely tied with modern business practice. Entry into new markets is of particular concern for larger organizations (38%)."
All factors very relevant to hedge funds.