Spear Phishing Risks to Hedge Funds: A Case Study

Spear Phishing Risks to Hedge Funds: A Case Study

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...
Expense Allocation: Establishing a Benchmark

Expense Allocation: Establishing a Benchmark

It is hard to overstate the risks expense allocation poses to the alternative investment industry: “A hedge fund hired us to investigate a claim of misallocation by one of its investors,” an industry consultant told us. “After a long and costly process, we discovered...