Tuesday, 31 May 2016
Last updated 1 hour 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.