Global Pensions – Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation lawyer at US firm Labaton Sucharow.
Dominic Auld said hedge funds are typically too adept at not buying high and selling low – which would provide the key ingredient of realised losses needed to bring litigation to court.
