Tag Archives: auditor

Letter to the Editor: Wall Street Journal: Auditors of Hedge and Private Funds are Not Validating NAVs

“Sophisticated institutional investors still insist on believing in the Tooth Fairy that can somehow miraculously provide market beating returns for everyone. May be that is the biggest crime of all” (Behind the High- Pressure Hedge Fund Culture” (WSJ, July 25, 2013)).   Chasing after returns is

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