OUTLOOK & ANALYSIS

Auditors Beware: Even Hedge Fund Execs Don’t Trust Hedge Fund Execs

In a new study that even the hedge fund trade association calls “troubling,” hedge fund executives say corruption, misconduct and pressure to break the rules are rampant and routine in their business.

The top ten findings include:

  1. 46% of respondents reported that their competitors likely have engaged in unethical or illegal activity in order to be successful.
  2. 35% of respondents reported feeling pressured by their compensation or bonus plan to violate the law or engage in unethical conduct, while 25% of respondents reported other pressures that might lead to unethical or illegal conduct.
  3. 30% of respondents reported that they had personally observed or had first-hand knowledge of wrongdoing in the workplace.