“Nearly half of hedge fund professionals believe their competitors engage in crooked activity, and 35 percent have felt pressure to break the law or engage in unethical behavior themselves, according to a new industry survey.
The study, commissioned by the Hedge Fund Association, Hedgeworld and an industry law firm, found that 87 percent said they would report wrongdoing given the protections of the Securities and Exchange Commission (SEC)’s whistleblower program.
In all, 30 percent of the 127 hedge fund professionals polled said they had personally observed or had first-hand knowledge of wrongdoing the in the work…”
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