Corgentum Launches Consultancy to Provide Comprehensive Operational Due Diligence...

Corgentum Launches Consultancy to Provide Comprehensive Operational Due
Diligence for Investors and Hedge Funds

Madoff Ponzi Scandal, Financial Crisis, Heightened Scrutiny from Regulators
and Investors Thrusts Operational Risk to Forefront

NEW YORK, April 2 /PRNewswire/ -- Jason Scharfman, author of Hedge Fund
Operational Due Diligence: Understanding the Risks, John Wiley & Sons, Inc.
2008, today announced the launch of Corgentum Consulting, LLC, a full service
hedge fund operational due diligence consulting firm. Corgentum's focus is on
working with investors -- including fund of hedge funds, pensions, family
offices and high-net worth individuals -- to perform comprehensive operational
due diligence on hedge funds. In addition, Corgentum will work directly with
hedge funds to strengthen their operational risk management processes.

Prior to launching Corgentum, Mr. Scharfman was a senior member of a team that
oversaw all of Morgan Stanley's hedge fund operational due diligence efforts
and which allocated in excess of $13 billion to a firm-wide platform of over
300 hedge fund managers, across multiple investment strategies. He also
oversaw the operational due diligence function for a $6 billion alternative
investment allocation group called Graystone Research at Morgan Stanley.

"Investors today are focused on operational risk because of a series of high
profile hedge fund failures, the majority of which have poor operational
planning at their core," said Jason Scharfman, Managing Partner. "Recent
market events have demonstrated the need for more comprehensive and frequent
investor due diligence on a hedge fund's operational risks. Corgentum will
help investors to meet the challenges of this new demand."

Corgentum's mission is to ensure that investors have the knowledge and best
possible tools to assess operational risk management. To this end, the firm
utilizes proven proprietary methodologies and original operational risk
research to diagnose and mitigate investors' operational risk exposures and
improve upon the overall efficiency and effectiveness of their operational due
diligence process. The firm's unique approach leverages off of Corgentum's
Resource Network, a team of senior industry practitioners with expertise in
law, compliance, hedge fund auditing, fraud investigation and information
technology.

Corgentum will also work with hedge funds to prepare for operational due
diligence reviews, perform operational efficiency analyses to reduce
Operational Drag(SM), and to recommend long-term sustainable operational risk
solutions.

Corgentum is headquartered at 20 Fleet St. in Jersey City, New Jersey, 07306.
Phone 201-360-2430. The Web site is www.corgentum.com.
CONTACT:
Kathleen Corless
Dukas Public Relations
212-704-7385 ext. 3601
Kathleen@dukaspr.com

SOURCE Corgentum

Kathleen Corless, Dukas Public Relations, +1-212-704-7385 ext. 3601,
Kathleen@dukaspr.com