A New Due Diligence Video for a New Due Diligence Book
On April 10, 2012 the new book, Private Equity Operational Due Diligence: Tools to Evaluate Liquidity, Valuation and Documentation will be released. This book is authored by Corgentum Consulting, Managing Partner, Jason Scharfman.
In anticipation of the upcoming book a new promotional video has been released:
The video is also available on publications and videos sections of Corgentum.com.
To pre-order the book please visit the publisher’s website.
Gorden Geckko Grows Up – Michael Douglas Makes Insider Trading Infomercial for FBI
Actor Michael Douglas, who famously played the Wall St. icon Gordon Geckko in the Oliver Stone film Wall St., has had a change of heart. The fictional fund manager once famously touted, “Greed is good.” Here is a video of some of the more notable quotes from Mr. Geckko in the movie:
The actor has recently teamed up with the FBI to create a video which encourages would be tipsters to come forward with any insider trading news, and outlines, that greed is not good. Here is the video:
Tipsters who decide to turn into rats and go to the government might do better then to follow Douglas’ advice. Whistleblower lawyer David K. Colapinto
outlines that, “If they just go to the FBI, they are probably going to get zero,” Colapinto said. “The FBI’s not obligated to do anything for them.”
Colapinto said that if informants want a reward for information that exposes financial fraud, they should consult a lawyer — and file a whistleblower claim with the SEC.
Under the SEC’s , tipsters are entitled to 10 to 30 percent of the money the SEC collects if the whistleblower’s information leads to an enforcement action in which sanctions of more than $1 million are ordered. The bounties were ordered by Congress in the aftermath of the financial crisis and were intended to be powerful weapond in the war on Wall Street fraud. That being said Harry Markopolos, who reported the Madoff fraud to the SEC for years, got nothing.
Attempting to diagnose whether or not a hedge fund has the potential to be exposed to insider trading scandals can be a critical part of analysis of a fund’s compliance and trading functions during the operational due diligence process. Investors should attempt to evaluate such risks during a review of operational risk factors including persona
l trading policies.
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Corgentum Consulting Releases Hedge Fund Newsletter: Operational Due Diligence Insights
Corgentum Consulting has today released the first issue of its new operational due diligence newsletter entitled, Operational Due Diligence Insights. This newsletter will bring investors unique operational due diligence news and insights . Topics covered in this issue include:
- How will SEC registration influence investor due diligence on hedge funds?
- Tools for investors to evaluate financial statement risk
- Considerations when analyzing administrator independence in the valuation process
- Diagnosing information security risks
This newsletter will be available on Corgentum Consulting’s website via direct link here.
Operational Due Diligence Insights also includes a section about Corgentum’s upcoming events like their new webinar: Operational Due Diligence Survival Kit for 2012. This webinar will be on March 15 from 2-3 pm EST and will give attendees vital information to asses and uncover operational risk in hedge funds, private equity and traditional funds. Click here to signup for the upcoming webinar.
Readers can also visit Corgentum’s contact page to sign up to receive future issues as well as other Corgentum news and upcoming events.
