Hedge funds walking liability tightrope
Hedge fund managers appear to be in a state of denial regarding their liability to the fund for losses arising from trading errors warned Reynolds Porter Chamberlain at its Annual Directors' & Officers' insurance seminar.
Fund managers can buy errors & omissions insurance to protect against such exposures but many are failing to do so. Rupert Boswall, partner, of Reynolds Porter Chamberlain told the seminar: “Many fund
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