Over the past two plus decades, the alternative fund industry has seen its share of changes, including on the operational side of the business. Michael C. Neus has been there to help guide some of the top firms through these changes. He has served as a General Counsel, a Chief Compliance Officer and a Chief Operating Officer. And he recently co-authored/edited a book, "The Insiders' Guide to Hedge Funds: Successfully Managing the Middle and Back Office." In this episode, Mike shares his views on the state of the alternatives industry as one of the most respected and influential voices on the business of running the business. He discusses a range of topics, including what investors should look for on the operational side of the business, as well as factors that he considers when looking for a new vendor or a new employee. Mike also provides some advice to prospective new managers or how to build out the middle and back office. And of course, Mike concludes with a few thoughts on the future of the industry. To learn more about Mike's book, The Insiders' Guide to Hedge Funds, please visit the book's website