As one further follow up to our recent post on misvaluation in an investment bank, we were also interested to read of an episode in Australia whereby a trader with Macquarie is alleged to have deliberately traded ahead of large orders to be placed by the bank for his personal account, generating profits of some AUS$3 million. The twists and turns of the story (and there are quite a few!) can be found here.
Hedge Fund Operational Due Diligence
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