Hedge Funds and Asset Managers face ever increasing criticism and scrutiny from a wide variety of sources, including politicians, regulators, the press and the plaintiff’s bar. Allegations of misconduct and lawsuits against fund managers are on the rise and there is no end in sight. At the same time, the sophisticated investors who invest with fund managers demand superior performance, while expecting adherence to the traditional high standards of care, loyalty and good faith.
If anything, the risks associated with running hedge funds and asset management firms appear to be getting worse. With hedge funds and asset management firms venturing into different areas, such as lending and private equity, and with the specter of governmental regulation looming, now is a very risky time for hedge fund managers and general partners.
A brief list of allegations that Hedge Fund and Asset Management firms face includes:
In this environment, managers need the guidance of an experienced advisor. Owens Group works with Hedge Funds and Asset Management firms to design insurance programs that meet the specific and unique needs of the hedge fund and asset management industry, including:
Our portfolio of products also includes: