Monday, 20 October 2014
Last updated 3 days ago
Jun 1 2009 | 9:01am ET
The investment industry's first hedge fund fraud risk certification has been launched by Protean Fraud Risk Appraisal, an independent risk certification firm specializing in the alternative investment sector.
Protean Fraud Appraisal Certification (PFAC) provides hedge funds and other managers with the means to demonstrate that their fund represents a low fraud risk, thereby bringing renewed confidence to investors. PFAC combines the disciplines of insurance risk underwriting with traditional due diligence techniques and a proprietary historic fraud loss analysis tool.
Protean Fraud Risk Appraisal is an affiliate of Protean Investment Risks, which specializes in the provision of insurance products to protect investors against hedge fund fraud.
"The priority at this time for managers and investors alike is confidence. PFAC enables hedge fund and other managers globally to provide evidence that they are a low fraud risk bringing increased confidence to both new and existing investors,” said Nathan Sewell, a partner at Protean Fraud Risk Appraisal. “PFAC is highly cost-effective and requires a minimal time investment by the hedge fund manager.”
The certification's due diligence includes on-site visits and background checks using specialist providers to cover the UK, the U.S. and other regions.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...