How can an multinational private equity and alternative asset management company like The Blackstone Group hedge the following risks to limit their loses in adverse cases? (I have described the risks, you are being asked to develop and breifly describe hedging strategies for these risks(in bold))

Operational risk:

Incompetent managers that cannot keep track of assets, investments, or clients they are managing and cannot critically evaluate how to best manage their company

Currency Risk:

Currency risk can occur due to fluctuating foreign exchange rates. An investor can be exposed this risk if they are in foreign-currency-traded investments.

Geopolitical Risk:

Geopolitical risk can occur when the relationship between countries is affected by the geography and economics between the countries. Because the world is becoming more globalized due to open trade, the interrelation of two countries can affect their economies or it can be for other reasons like war or internal political unrest which would affect retuns on Blackstone investments in that specific country.

Climate Change Risk:

Climate change risk is a type of business risk that is caused by change in weather on investment return. If governments do not integrate policies that reduce GHG emissions, it could reduce potential economic growth and increased volatility.

--- Climate change can cause indirect and direct consequences on a company. For ex: Leading retailers are noticing the effects of climate change on agriculture. Insurance companies are making their insurance premiums more unaffordable in some regions where weather is becoming more unpredictable.