Maverick Capital Seeks Outside Help to Reassure Investors
| July 8th, 2009 | ||
| Maverick Capital is joining the ranks of fellow hedge funds that seek independent audits to reassure their investors as to their financial safety and stability. According to a July 3rd New York Post article, the fund believes that investors are understandably worried by the recent spate of fraud on Wall Street. Maverick has requested quarterly auditing services in addition to the usual annual audit. The quarterly results will also be provided to its investors. The firm, which specializes in shorting stocks, lost $1 billion in overall assets last year and maintains $10.2 billion in assets as of 2009. Its flagship offering, the Maverick Fund, is up 2.1% as of March 2009 after a 26.2% drop in 2008. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Maverick Capital |
Related People: Charles Wyly;
Related Entities: Maverick Capital Long LP;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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