Dec 1 2005 | 9:34pm ET
Investors in now-defunct hedge fund Bayou Group may have been burned by the scandal, but the recent spate of high-profile hedge fund dustups has been a boon for private investigation firms specializing in finance.
"Bayou put it back on everyone's mind," said Kevin Jones, president of HedgeCheck.com, a firm that searches public records to provide background checks on hedge funds. "I have a lot of stable clients, but now I am getting more inquiries."
Jeffrey Brenner, a principal at Intelysis Corp., an international financial investigation firm, says another reason for the increase in demand for hedge fund investigations could be fear of culpability.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…