Fund insurance is a risky business
A combination of tough markets and 11 September has made it increasingly difficult for hedge fund managers to protect themselves against litigation.
In a survey of the London insurance market by Hedge Funds Review, brokers and underwriters agree potential litigation from investors for poor returns or losing money is by far the biggest risk when writing professional indemnity policies for managers.
Premiums have more than doubled in the past 18 months and are frequently above six figures, usually
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