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Police plan hedge fund crime detector

Stuff – Britain’s Serious Fraud Office is building a warning system to help it spot hedge fund fraud, the head of the agency said.

"We’re looking in particular at a system of red flags to give warnings in respect of hedge funds," Richard Alderman, head of the SFO, told a briefing.

"We want to be able to help the market, as it recovers, in knowing what are the features of hedge funds that can give rise to fraud," Alderman said.

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