NAV denies Wood River hedge fund audit claims

NEW YORK, Oct 11 (Reuters) – Hedge fund Wood River Partners LP, which sources said is under investigation by the U.S. Securities and Exchange Commission, told investors it employed bookkeepers from NAV Consulting, but NAV’s president denied the claim on Tuesday.

“We became aware of the situation last Friday that our name was listed as their bookkeeper or accountant,” said Nav Gupta, president of Oak Brook, Illinois,-based NAV Consulting. “We were totally shocked. We have never done any business with Wood River.”

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.