Guarding against hedge fund fraud

The SEC is pursuing more and more hedge fund abuses. It hopes that requiring managers to register, as passed by the regulator on October 26, will eradicate the problem. It won't. Investors need to see independent valuations.

Risk managing the black box

“I’M SO TIRED of the lies right now that I could scream. I’m not a good liar and my mom always said it made my ears turn red,” laments Charles L Harris, principal of hedge fund Tradewinds International.

When the performance of 43-year-old Harris’s hedge fund headed south he made a decision that would not only change his and his family’s lives for ever but also those of all of his investors.

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