A third more funds seeking cover after a difficult summer

Insurance companies have seen a 30% increase in hedge fund managers seeking cover against potential ...

Insurance companies have seen a 30% increase in hedge fund managers seeking cover against potential future claims from investors, after summer market turbulence. Tim Spangler, partner with Kaye Scholer in London, said the main types of litigation brought against fund managers are for negligence and failure of fiduciary duty. He added that even if managers state all potential risks involved in their fund's offering documents, they can still face claims for negligence or breach of fiduciary duty. Andrew Symons, partner in the insurance and reinsurance division of London lawyers CMS Cameron...