• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Insurance coverage against hedge fund fraud
  Hedgeweb - MON, JUN 30 2008
Funds & Investment While frauds are not frequent within the hedge fund industry, they occur enough that it causes investors to consider it seriously.

A new insurance product on Monday begins offering hedge fund investors cover for fraud losses. Integro, a New York insurance broker, and Amber Partners, a risk rating agency for the industry, aim to capitalise on the fear of fraud, when investing in hedge funds.

A similar product, launched in January by London start-up Protean, already covers $10bn of assets and Protean says it expects another $20bn-$30bn of business in the very near future.

Integro covers only funds that have assets frozen by regulators, while Protean pay-outs can be triggered by other regulatory or legal action or referred to independent arbitration.

Both companies require investors to insure their entire portfolio, preventing them from insuring just the riskiest funds.

The cost to investors varies, with Protean charging 0.05-0.15 per cent of the value of the portfolio and Integro saying the cost should be less than 0.2 per cent, depending on the type of funds covered.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.