By Alla on 2007-07-03 
Bear Stearns is planning to increase the risk controls at its money management division following the blowup of two of its hedge funds, according to a report in Tuesday’s Wall Street Journal.
The Wall Street firm wants greater oversight of its money management unit, which has $60 billion under management, the newspaper reported citing people close to the matter.
The risk management team of Bear Stearns Asset Management will probably report to the parent company's top risk officer, Michael Alix, according to the paper.
-New York State Society of Certified Public Accountants
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