Another fund cop emerges

Thu Dec 1, 2005

Greenwich, Conn., is a major hub of the U.S. hedge fund world, with a considerable number of the biggest hedge funds, from Tudor Capital to ESL Investments, headquartered there. Many of the firms' founders live in Greenwich as well, and several send their kids to the same prestigious local private schools, rub elbows at local charity dinners and brush past each other on their early morning runs.

As they pound the pavement, they are likely to come across another Greenwich resident and runner, Richard Blumenthal, who is making waves in both the town and the hedge fund industry. Blumenthal, the state's activist Attorney General, is miffed by the meltdown of the hedge fund Bayou Management, which is located in Stamford, Conn., one town over from Greenwich. A number of recent fund failures and frauds certainly inspire concern about whether there is sufficient disclosure and oversight, he says. To make...

ISSN: 2151-1845 / CDC10004H

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