Hedge Funds

Alexandra makes mistake in hiring Volman

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The importance of checking out the educational and employment backgrouds of hedge fund employees by both funds themselves and their investors has been highlighted once again by the extraordinary allegations in the New York Post about Alexandra Investment Management.

Alexandra denies many of the allegations in the article but admits to making serious mistakes in hiring people to senior positions.

It turns out that Slava Volman, who has worked as head of private placements for the firm since October, had six jobs and two serious regulatory violations for illegally pumping up stocks on Internet message boards before being hired by