Friday, May 22, 2009
Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny
The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits.
A fund manager with $200 million of assets running a “straightforward” strategy is typically paying as much as $60,000 a year for $5 million of coverage, up from $50,000 at the end 2008...
Bloomberg: Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny
A fund manager with $200 million of assets running a “straightforward” strategy is typically paying as much as $60,000 a year for $5 million of coverage, up from $50,000 at the end 2008...
Bloomberg: Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny
Permalink posted by markw @ 5:03 AM 
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