Wednesday, April 3, 2013

Half of Hedge Funds Think Their Competitors Are Cheating

Hedge-fund employees seem to agree with federal authorities that their industry needs to clean up its act.

From the WSJ: Almost half of hedge-fund professionals believe their competitors are engaged in illegal activity and more than a third say they have felt pressure to break rules at work, according to an online survey released Tuesday. Meanwhile, 30% of respondents said they had witnessed misconduct on the job…

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