but only peripherally as DePauw University has sued Hennessee Group, an investment adviser who supposedly completed "five levels of due diligence" in investigating Bayou Capital Management. This is the fund accused of defrauding investors since 1998. It looks as though the principals of Bayou have misused $200 million of client funds. DePauw thinks that Hennessee should have noticed something might be amiss and not invested DePauw funds with Bayou.
No comments:
Post a Comment