While some hedge funds are long-only and others are long-short, OpenGamma has developed software for very quant-driven funds whose strategies use the application of risk to drive their returns, added Wylie.

FORBES: Managing Risk Beyond The Limits Of Excel

Under the SEC's application of the so-called Sarbanes-Oxley fair funds provision, government penalties passed on to victims are not supposed to reduce any settlements won in court.

FORBES: Here Come the Lawyers