How to repair leaks in hedge-fund data

Transparency is great, apart from when some smart-ass publishes your data for all to see. For example, one fund had an investor who posted its performance report, including positions, on the Albourne Village website. The difficult balance is that investors feel the need for independent monitoring of the portfolio -- and they also want to aggregate the risk of their hedge-fund investments in their broader portfolio. They might use an external risk-measurement service, such as the one o…