These are all very valid concerns and great suggestions, but the bottom line is that unless you know someone very well who is a higher up at the hedge fund, how can you trust anyone. I'm not a computer guy and my systems are not complicated. They just work. So I don't think I can trust anyone with them, regardless of security precautions I might take. I don't know enough about computers to know if I'm making an intelligent decision when it comes to firewalls, TCP's, etc..... And I do think that a growing hedge fund would be open to new systems which might diversify risk, open doors to a new market (the bonds), etc. If a hedge fund is growing rapidly and doesn't trade in a liquid enough market to bring on new funds, then a new market is their only recourse to expand. Thanks again for all the interest. I'm just as confused now as before, though.