Rabobank Pensioenfonds has removed more than $500m from the funds of hedge funds sector, saying it doubts their utility and dislikes their lack of transparency.
US regulators on Thursday charged Samuel and Charles Wyly, two billionaire brothers whose interests range from software to restaurants, with reaping more than $550m in undisclosed gains by trading shares in companies on whose boards they sat.
Private Equity accused of producing disappointing returns (Fund News)
A report on Monday accused Private Equity Groups of producing disappointing returns while charging their investors fat fees amid glaring conflicts of interest.