{"id":8096,"date":"2008-07-14T00:00:00","date_gmt":"2008-07-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ey-wins-caymans-hedge-fund-row","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/ey-wins-caymans-hedge-fund-row.html","title":{"rendered":"E&#038;Y wins Caymans hedge fund row"},"content":{"rendered":"<p>The US Supreme Court has thrown out negligent audit claims made against Ernst &amp; Young in the wake of a hedge fund collapsing.<\/p>\n<p>Liquidators sued the firm&#8217;s Cayman Islands unit, accusing E&amp;Y of performing a below-par audit of the Beacon Hill Master hedge fund after it lost $300m (&pound;151m), almost half of its net asset value, WebCPA reported.<\/p>\n<p>In his ruling, Judge Charles Ramos said that the investment managers effectively controlled every aspect of the fund&#8217;s operations and made material misrepresentations to Ernst &amp; Young.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.accountancyage.com\/accountancyage\/news\/2221501\/y-wins-caymans-hedge-fund-row\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Supreme Court has thrown out negligent audit claims made against Ernst &amp; Young in the wake of a hedge fund collapsing. Liquidators sued the firm&#8217;s Cayman Islands unit, accusing E&amp;Y of performing a below-par audit of the Beacon [&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":[203,1051,81,1314],"class_list":["post-8096","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-global-investment","tag-liquidation","tag-newcastle","tag-security-education"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8096","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=8096"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8096\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}