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.

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