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
- pending and past litigation
- 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 .