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NY hedge fund group seeks new industry standards

on Thursday, August 7th, 2008 at 12:00 am

Reuters - The New York Hedge Fund Roundtable is seeking to establish professional standards to self-police the lucrative industry, both to prevent future scandals and avert the imposition of new laws on the $2 trillion industry.
"It’s a great industry. We don’t want to see it blown up because of a few bad guys," […]

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Hedge Fund Claim Made Sense, Ex-Bear Executive Says

on Wednesday, June 18th, 2008 at 12:00 am

Bloomberg - Bear Stearns Cos. didn’t investigate the financial health of a hedge-fund client that later collapsed because its claim of an annual 20 percent return on investment “made perfect sense,” a former executive at the firm said.
Bear Stearns was sued in 2001 by a bankruptcy trustee on behalf of creditors of the now-defunct Manhattan […]

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