To the best of our knowledge no mutual fund rating firm predicted any of the mutual fund scandals or has ever seriously commented upon the legal or ethical issues related to the management of mutual funds.
The SEC, on the other hand, has tremendous knowledge of mutual fund practices and regulation yet perennially fails to act.
FORBES: The Great Mutual Fund Clean Up That Almost Happened (April 4, 2004 )
We launched the first phase of the Social Innovation Fund Knowledge Network, a web-based vehicle for facilitating dialogue, exchanging information, and posting documents among grantees.
They say the company's ex-CEO and ex-finance chief used a secret slush fund of stock options to lure new executives and reward favored employees without the knowledge of the board of directors.
To the best of my knowledge, no fund manager has has ever outperformed the market for 20 consecutive years.
The co-liquidator of the biggest feeder fund for Bernard L. Madoff Investment Securities says some investors in the Fairfield Sentry funds had knowledge of the massive financial fraud and profited as a result.
FORBES: EXCLUSIVE: Some Fairfield Investors Knew About Madoff Ponzi and Profited
Initially, it was focused on "expert network" companies, or middlemen firms that introduce hedge-fund employees to current and former tech-company staffers with knowledge of interest to investors.
In such a case, one might anticipate the following: When the information alleged above became public knowledge, the fund suffered irreparable reputational damage and many of the U.S.investors sold their shares in the mutual fund causing the value of the traded shares to plummet.
His extensive knowledge of financial matters, particularly of large institutional and fund investors, is important to the Board and management as the Company operates as a new public company and in connection with his service on the Audit Committee and Compensation and Leadership Committee.
FORBES: After Quitting on Icahn, why is Keith Meister still on the Motorola Mobility Board?
What is sorely missing in Washington is practical knowledge about the nature of the abuses that are prevalent in the hedge fund arena today.
And the knowledge that their money was steadily being drained from the escrow fund, in addition to the lack of income that is normal in a strike. would pressure both sides to speed up the eventual settlement.
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