{"id":11086,"date":"2009-07-22T00:00:00","date_gmt":"2009-07-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedging-on-hedge-fund-scrutiny-fine-with-court-ann-woolner","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/hedging-on-hedge-fund-scrutiny-fine-with-court-ann-woolner.html","title":{"rendered":"Hedging on Hedge Fund Scrutiny Fine With Court: Ann Woolner"},"content":{"rendered":"<p>Bloomberg &#8211; Let&#8217;s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them.             <\/p>\n<p>For all the claims of super due diligence, this fine firm sinks your money into what turns out to be a Ponzi scheme.     <\/p>\n<p>Now your money is gone and the hedge fund founder who lost it is serving 20 more than years. Federal regulators belatedly find that your adviser didn&#8217;t actually do that much due diligence.     <\/p>\n<p>The Bayou Group hedge fund it put you into hadn&#8217;t had an independent audit almost since its beginning when an initial auditor noticed consistent losses and was let go, according to the Securities and Exchange Commission.     <\/p>\n<p><a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601039&#038;sid=adAHrZaebkRo\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Let&#8217;s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them. For all the claims of super [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4339,7149,5184,11148,11708,12247,129,5247,48,4248,45,11183,35,21,14457],"class_list":["post-11086","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-adviser","tag-advisory-firm","tag-due-diligence","tag-hedge-fund","tag-hedge-funds","tag-independent-audit","tag-losses","tag-million-dollars","tag-money","tag-ponzi-scheme","tag-regulators","tag-rsquo","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-sterling-reputation"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11086"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11086\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}