Professional Responsibility

Topics: Hedge fund, Investment, Mutual fund Pages: 3 (876 words) Published: June 18, 2013
Over the past decade, professional managers and hedge funds have grown and become

ubiquitous within the investment field. Even with the recent financial downturn and long

lasting recession, individuals continue to place trust in managers in hopes of attaining a larger

return on their investment. Regrettably, over this same time period, managers have been able to

amass great wealth while the individual investor struggles to gain a modest profit. Misaligned

incentives as well as informational deficiencies have continued to be a source of contention in

the field, leading to the establishment of more rules and regulations. Even with this increased

scrutiny, there are many moral aspects to study within the investor-manager relationship.

In today’s modern society, the intersection of good and evil continues to merge

closer together. As competition becomes greater and the quest for profits rise, companies

are constantly faced with ethical questions to contemplate. Unfortunately, the pursuit of

revenues often times push the moral compass in the wrong direction. While many actions are

not intentionally ill-fated, these activities often quickly spiral out of control as pressures to succeed


I work at a multi-strategy international hedge fund which has approximately $30 billion dollars under management. Our primary focus in the past has been on long/short equity trading and convertible arbitrage trading. Recently, we began a push into the private equity markets, bringing in some high profile investment professionals from Goldman Sachs as well as other bulge bracket banks. This area has seen tremendous growth in the last few years and continues to perform exceptionally. Currently we are in the process of marketing new funds and raising capital in excess of $5 billion. Being part of a middle-office team, my group is responsible for post trade execution and valuation work. In particular, we help put together marketing materials...
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