Insurance Brokers Launch Hedge Shield

Integro Insurance Brokers and Amber Partners have launched Hedge Shield, which is insurance coverage designed to protect sophisticated investors from hedge fund losses due to fraud, allegations of fraud and other such activity.

Underwritten by several world class insurance carriers, the Hedge Shield policy will cover hedge fund investors against potential losses and reputational damage resulting from a seizure of assets by a governmental or regulatory agency due to actual or alleged fraudulent activity.

“Our due diligence for Hedge Shield is specifically focused on four primary areas where the potential for fraud typically exists,” said Reiko Nahum, ceo of Amber Partners. “Overstatement of net asset values, theft of fund assets, concealment of trades, and false claims as to assets which the fund does not have title.”