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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note