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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note