Ok manager boy. If you gave your Scroll and Key buddies a wink and a nod so they could sneak their redemptions out before the freezes, well, you are in a world of hurt and some people are going to want to talk to you. Hell, with the present mood of the public, you may well get yourself 20 years.
A surge in redemption suspensions and liquidations in the past year has created “particular concern as to whether hedge- fund advisers may be favoring their own interests above others,” Walter said today in prepared testimony to the House Financial Services Committee. “Principals, employees or favored investors of the hedge-fund adviser may have received ‘preferential redemptions’ from the fund at issue.”
SEC Hunts for ‘Preferential’ Hedge-Fund Redemptions [Bloomberg]
Too Yale, didn’t read
Too True, rather not discuss!
I, for one, am shocked at the suggestion that any such unethical behaviour could have gone on in the hedge fund industry. *cough*
is EP an Eli???
@2
Dead on
Secret societies mean next to nothing after college. The only thing that matter is your potential to make money for the person hiring you.