{"id":7022,"date":"2008-01-20T00:00:00","date_gmt":"2008-01-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"protean-unveils-hedge-fund-fraud-insurance-for-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/protean-unveils-hedge-fund-fraud-insurance-for-investors.html","title":{"rendered":"Protean Unveils Hedge Fund Fraud Insurance For Investors"},"content":{"rendered":"<p>CNNMoney.com-&nbsp;Amid a spate of allegations of fraud at hedge funds, a London-based firm has launched fraud insurance for investors. <\/p>\n<p>Protean Investment Risks, a newly-formed company, from Monday is offering its Protean insurance product to wealthy individuals and institutions to protect their hedge-fund portfolios from any misrepresentation of assets, theft or other type of fraud by hedge-fund employees or directors.<\/p>\n<p>Nathan Sewell, Protean&#8217;s founder and managing director, said the idea for the product came after he was approached by a private hedge fund investor who had been the victim of fraud at Lancer Management Group.<\/p>\n<p>Greenwich, CT.-based Lancer Management collapsed in 2003 and the manager of its funds was charged by the U.S. Securities and Exchange Commission of defrauding hundreds of investors.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&#038;ct=us\/3-0&#038;fd=R&#038;url=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djf500\/200801210147DOWJONESDJONLINE000025_FORTUNE5.htm&#038;cid=1126649450&#038;ei=ZEuUR-H5G4OErQPa0vDzCA\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com-&nbsp;Amid a spate of allegations of fraud at hedge funds, a London-based firm has launched fraud insurance for investors. Protean Investment Risks, a newly-formed company, from Monday is offering its Protean insurance product to wealthy individuals and institutions to protect [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7022","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7022","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=7022"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7022\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}