Tuesday, 1 December 2015
Last updated 7 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…