A recently released report detailed findings from a survey of 375 buy-side professionals who were polled on their attitudes concerning risk management. This article discusses salient points from that report. For the SEC’s take on the issues addressed in the report, see “SEC Provides Recommendations for Establishing an Effective Risk Management Program for Hedge Fund Managers at Its Compliance Outreach Program National Seminar,” Hedge Fund Law Report, Vol. 5, No. 14 (Apr. 5, 2012). For a discussion of operational risk management best practices, see “Top Ten Operational Risks Facing Hedge Fund Managers and What to Do about Them (Part Three of Three),” Hedge Fund Law Report, Vol. 6, No. 5 (Feb. 1, 2013).