Hedge Funds Misrepresent Facts?

Hedge Funds Misrepresent Facts? Of course they do…
 
                    …and its our job to distinguish fact from fiction

Recent work has shown that 1 in 5 hedge fund managers misrepresent facts during due diligence meetings (Brown, Goetzmann, Liang and Schwarz, 2009). Investors in the alternative investment funds have come across this fact all too often. In this paper, we take a closer look at misrepresentations, including some examples we have experienced in our work.


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