Hedge Fund Liability Insurance — Tricks You Might Not Know
As Bob Dylan once said, „The times, they are a changin'“ — which is perhaps the most accurate assessment of the hedge fund industry today. In the wake of huge scandals, one of the largest economic downturns in the past century, and a general distrust of the banking industry on the part of consumers, hedge fund managers face more risks today than ever before. And don’t think for a second that financial attorneys are unaware of all the potential missteps a hedge fund manager can take. It is perhaps not too much of an exaggeration to say that an entire mini-industry has sprung up in the legal profession looking for hedge fund managers to make a mistake, an error in judgement, or even simply fail to provide the returns a client expects. The previously dog-eat-dog world of hedge fund management liability might now more accurately be described as shark-eat-shark.