Custody Rules Boost Third-Party Hedge Fund Aministrators
Shaken by Bernie Madoff, investors and the SEC want hedge funds to be more forthcoming about what and where their assets are. Enter eager third-party administrators. "This used to be a trust-me business," says Charles Winkler, COO of Hudson Bay Capital Management. "Now it is trust but verify."
Imogen Rose-Smith
November 9, 2009