Hedge funds misrepresent facts, says research

One in five hedge fund managers misrepresents their fund or its performance to investors during formal due diligence investigations, research from New York University’s Stern School of Business suggests.

See link: http://www.ft.com/cms/s/0/a8d7c636-b835-11de-8ca9-00144feab49a.html

 

....and the other 4 out of 5 hedge fund managers really, really, really misrepresent themselves?

 

I wonder how many of those hedge funds are broke and we don't know about it (and they continue in business by using ponzi methods)

Oh, right!! I forgot!! The SEC is on the ball and would never let that happen!!