Hedge funds typically too smart to be victims of financial crime, says US lawyer

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GLOBAL - Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation lawyer at US firm Labaton Sucharow.

Dominic Auld said hedge funds are typically too adept at not buying high and selling low - which would provide the key ingredient of realised losses needed to bring litigation to court. "To have a case...

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