This book will provide the necessary tools to consider operational reviews in conjunction with investment reviews. It will provide a step-by-step guide to the operational due diligence process involving hedge funds. The tentative contents is: (1) What is operational risk?; (2) Why should I care about operational risk; (3) Who is qualified to perform an operational risk review; (4) How to create an initial operational profile; (5) Evaluating the gray areas; (6) Ten tips when performing an operational due diligence review; (7) On-going operational profile monitoring; (8) Techniques for modeling operational risk; (9) Bridging the gap: Operational risk reviews in context; (10) Looking ahead: Trends.