904 Funds Close in 2013

A Financial Times Alphaville article observes that “Zombie hordes thrive, await further hedge fund corpses” with one tenth of hedge funds closing last year, half of funds closed in the last ¬†five years. ¬†This is the latest article in their series on the birth, death and sometimes zombie status of funds.

The most dangerous time for lawsuits from investors and regulatory investigations is when funds are opening or closing. Directors and Officers insurance can protect the individuals of the firm from personal liability. Even those firms organizing offshore have found that their personnel are not protected onshore from US suits and investigations.

Contact CoverFunds.com today to discuss better protecting your firm today, tomorrow and years into the future.