Tuesday, 1 December 2015
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…