This PhD thesis looks at financial risk management and fund management issues. It focuses on Asian hedge funds, agency problems in Australian fund management, and cleaning financial data for risk management. The researchers analyzed Asian hedge funds and found they have positive exposure to emerging markets and hold cash and high-rated bonds. Their Value-at-Risk analysis showed that capturing the tail distribution of hedge fund returns is crucial for accuracy. Additionally, parametric models performed better than historical simulations for predicting VaR. The thesis also discusses agency problems in Australian fund management.