Hedge Fund Maverick Hires Independent Auditor

Jul 7 2009 | 2:17am ET

Another major hedge fund is giving in to calls for greater transparency.

Maverick Capital said it would hire an independent auditor to provide investors with a quarterly accounting, the New York Post reports.

“In the post-Madoff world, investors are understandably seeking methods of independent verification of balances and pricing,” Dallas-based Maverick wrote to investors.

Maverick manages more than $10 billion in assets. The firm’s flagship shed more than a quarter of its value last year.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...