The Hedge Fund Fraud Casebook (Wiley Finance Series)
Praise for The Hedge Fund Fraud Casebook\ "This book is a startling eye-opener. Bruce Johnson delivers the promised goods and wraps it all in a context of history that itself is fascinating reading. Along with the cases themselves comes the story of the enormous and persistent effort it took to uncover and detail them."\ —John A. Prestbo, Editor and Executive Director, Dow Jones Indexes\ "This book is an essential read for hedge fund investors and analysts who seek to deepen and enhance their...
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The James Bonds of the marketplace, hedge funds are less encumbered by government regulation, less trans-parent to investors, play more complex games, take bigger risks, and capture the public imagination in a way that their lesser counterparts have difficulty approaching. These unique features have resulted in an increasing scale of losses due to fraud, with no corresponding increases in safeguards available for investors. Devoted to this little-researched yet increasingly crucial area, The Hedge Fund Fraud Casebook thoroughly informs those who seek to risk their capital on a rational basis and want to better understand some of the outer reaches of what constitutes rational risk. Divided into two parts, this fascinating look at deception in the hedge fund world begins with a broad appraisal of the context of fraud and of hedge funds, and then presents a compendium of 100 chronologically arranged "cases" beginning with the first known fraud in a hedge fund. It covers: The historic roots of prohibitions against fraud Assumptions regarding events and uncertainties in the mortality of hedge funds Uncertainties and events within the law enforcement system Each involving a hedge fund participant and a formal allegation of fraud, all of the cases have been disposed within U.S. jurisdictions: civil, criminal, or administrative. With an identical page format of facts, charts, tables, and summarized texts provided for each case for easy cross-comparisons, The Hedge Fund Fraud Casebook is the first extensive book completely dedicated to this subject. It draws important conclusions as to the nature of fraud in the hedge fund industry, its reasons, its methods, the outcomes, and convincing insights into ways to prevent or predict the crime in advance.
Preface. Acknowledgments. Introduction. Part One: Life, Death, and Degeneration. Chapter 1: Historic Roots of Prohibitions against Fraud. Chapter 2: Assumptions Regarding Events and Uncertainties in the Mortality of Hedge Funds. Chapter 3: Uncertainties and Events within the Law Enforcement System. Part Two: Cases and Conclusions. Chapter 4: Cases. Chapter 5: Summary: Case Group Characteristics. Index.
