HedgeWorld Initiative Puts Managers under the Glass

May 21, 2002 (PLANSPONSOR.com) - HedgeWorld has partnered with NCO Group, to provide hedge fund investors with more affordable access to investigative reports and background checks on hedge fund managers.

According to a media release from HedgeWorld, the group’s Manager Background Reports deliver NCO’s investigative reports on hedge fund managers to institutional and high-net-worth investors via HedgeWorld’s online platform.

The manager investigation service, a due diligence step, aims to help investors guard against manager misrepresentation and fraud.

The service will investigate the investment management entity and the two largest principals, examining such areas as:

  • criminal records
  • bankruptcies
  • pending and past litigation
  • judgments
  • tax liens
  • regulatory registrations and sanctions
  • professional accreditations
  • education and employment history verification.

The service will provide standard reports on hedge fund managers at prices starting at $2,750.  Some reports are available immediately through the HedgeWorld Web site .