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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note