The COVID-19 pandemic poses the biggest logistical challenge for alternative fund managers since 9/11. The economy is in turmoil, market volatility is approaching record highs, and the office is off-limits as employees work from home to prevent the spread of...
Hedge fund Tillage Commodities filed a lawsuit last September alleging its fund administrator ignored its own security protocols when it fell for a spear phishing attack and inadvertently wired millions of dollars out of Tillage’s accounts. The fund admin has...
Wire fraud is seldom in news, but when it is, it serves as a reminder to a very real risk. Consider the Wall Street Journal’s coverage of Mega Metals, an Arizona business that recently lost $100,000 to wire fraud. How it happened As a scrap metal processor, Mega...
