{"id":3397,"date":"2005-09-30T00:00:00","date_gmt":"2005-09-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"firm-to-keep-going-after-bayou-blowup","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2005\/firm-to-keep-going-after-bayou-blowup.html","title":{"rendered":"Firm to keep going after Bayou blowup"},"content":{"rendered":"<p>  BOSTON (Reuters) &#8211; A prominent consulting firm that sent clients into the collapsed Bayou hedge fund said it was blinded by the managers&#8217; bold lies, but pledged to stay in business after reviewing  how it evaluates funds for clients.<\/p>\n<p>  &#8220;We have to do an objective assessment of what went on here,&#8221; said Charles Gradante, who runs the Hennessee Group with his wife and business partner, Lee Hennessee, about how the firm fell for a  multiyear fraud that was only interrupted this summer when clients noticed $450 million were missing.<\/p>\n<p>  To help overhaul the process, Hennessee hired law firm Kirkpatrick &amp; Lockhart Nicholson Graham LLP to review how the New York-based consultants select hedge funds for clients like DePauw  University, Gradante told Reuters on Friday.<\/p>\n<p>  <a href=\"http:\/\/c.moreover.com\/click\/here.pl?b399344721&amp;r=MSNnews\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>  &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON (Reuters) &#8211; A prominent consulting firm that sent clients into the collapsed Bayou hedge fund said it was blinded by the managers&#8217; bold lies, but pledged to stay in business after reviewing how it evaluates funds for clients. &#8220;We [&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":[],"class_list":["post-3397","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3397","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=3397"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3397\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}