Hedge funds face more regulation after SEC probes
Another day, another hedge fund finds itself cast to the wolves. Edward Strafaci, formerly an executive vice president of Lipper Holdings LLC, was charged in the US recently with securities fraud. The allegation was that he overstated the value of two hedge funds by hundreds of millions of dollars.
One bad apple doesn‘t make for a rotten barrel, but Strafaci is just the latest in a whole series of scandals to hit the industry, causing closer scrutiny of fund transactions. A couple of days earlier
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