Bulletin

Bulletin

Bulletin

The Institutionalization of Hedge Funds and the Asymmetric Price of Reputation: Could Hedge Funds Be Spending Too Much To Prevent Fraud?

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I. Introduction Over the past decade, operating costs in the hedge fund industry have ballooned as the rate of new institutional investment in hedge funds has rapidly accelerated. These new institutional investors are demanding greater portfolio and  operational  transparency,  more  conscientious  compliance,  and  tighter internal controls. This correlation—between the institutionalization of hedge funds and their […]