Report: More Than 20% Of Hedge Funds Misrepresent Something To Clients

Oct 14 2009 | 11:11am ET

More than one in five hedge fund managers are lying to their investors, according to a new report.

The study, conducted by a quartet of academics, founded that 21% of hedge funds misrepresent past legal or regulatory problems, while nearly three in 10 offer incorrect or unverifiable information about other topics, including assets under management and performance, the study shows.


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