In the Margins

Doubts surround board in hedge fund case

February 28, 2017

By Reuters

After criminal criminal charges were filed against hedge fund firm Platinum Partners for running the business "like a Ponzi scheme," investors are questioning whether the Cayman Islands-based board could have prevented the situation. “As a director serves more and more funds it's no longer about governance and quality," said Jacob Walthour, CEO of Blueprint Capital Advisors. "It is about scaling their business and revenues and not about protecting investor interest.” Read the original story from Reuters