Richard Breeden, former chairman of the SEC, has a lot of experience counseling companies that have corporate governance problems. Now, he's trying to profit from that experience by creating a hedge fund to profit from companies' improvement of their corporate governance. He has no prior experience investing other's money and stands to profit handsomely from fees generated by the fund. The link below will take you to the New York Times article about Breeden's fund:
http://www.nytimes.com/2005/09/13/business/13hedge.html
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