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Products September 5, 2003
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.
Reported by Camilla Klein
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 .