CFA Institute Managing Director Kurt Schacht, CFA, talks with Greenwich Roundtable President Stephen McMenamin on the current state of the hedge fund industry. Mr. McMenamin, whose organization is a leading proponent of industry best practices and due diligence, discusses the pressures on managers to take on extra risk, hedge fund fees, and the over-all value proposition involved in hedge fund products.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.