Friday, 31 October 2014
Last updated 13 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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