NYT – In the volatile world of high finance, hedge funds come and hedge funds go. So there was little fanfare last week, apart from a few upset investors, when Vertical Capital, with $1.4 billion under management, suddenly announced it was unwinding its $400 million hedge fund operation.
Behind the scenes, however, is a troubling Wall Street story, redeemed, in part, by a whistle-blower who was not willing to go along with what she viewed as dubious business practices.
