Currently browsing;Due Diligence
- Focus on Valuation – Hedge Fund Manager Michael Balboa Charged with Fraud
In the world of operational due diligence, valuation is one of the most important subjects. The way in which a hedge fund values its positions directly effect the NAV of a fund. When questions arise concerning a hedge fund’s valuation procedures investors can be responsible for paying back previously earned false profits via clawback efforts. [...]
- The Dr. Will See You Now – Skowron’s Bad Diagnosis for FrontPoint and Galleon
A hedge fund manager for FrontPoint Partners was sentenced to five years in prison on Friday, November 18th. Joseph Skowron pled guilty in the summer of 2011 to insider trading which resulted in Morgan Stanley avoiding $30 million in trading losses. According to the New York Times, Skowron enticed French doctor, Yves Benhamou, to give [...]
- Galleon Verdict : Raj Rajaratnam Insider Trading Guilty Sentence
A jury recently handed down a sentence which found that the Galleon Group’s founder Raj Rajaratnam was convicted of insider trading. Bloomberg is reporting that jury never argued during 12 days of secret deliberations that he was innocent. Instead the focus was on what sentence to give Rajaratnam. Here is a post about the Galleon [...]
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