Firm Launched Hedge Fund Fraud Risk Certification

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.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note