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Article: Amber Partners Introduces Independent Operational Risk Certification to Hedge Fund Industry; Bear Stearns Asset Management, CooperNeff Advisors and Vega Asset Management Funds First to Be Amber Certified.
- Article from:
- Business Wire
- Article date:
- November 16, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAMILTON, Bermuda -- Offers Investors a New Standard in Operational Transparency
Amber Partners Ltd. ("Amber"), an independent specialist in hedge fund Operational Risk, today announced the launch of a new standard of operational certification to the industry. Amber produces comprehensive due diligence reports on individual funds, giving investors independent information on fund structure and controls. Funds which meet a benchmark of operational quality are awarded Amber Certified status.
Eleven funds have been Amber Certified to date, including funds managed by Bear Stearns Asset Management, CooperNeff Advisors, and Vega Asset Management. These leading ...