Good stuff, here, from Bloomberg. Taking the obligatory stroll through Madoff country, they've put together a decent piece on how hedge fundies are using investigators to avoid being the next ones burned.

Investment firms using P.I.s is certainly nothing new, but one might imagine that recent headlines combined with a reenvigorated regulatory apparatus have heated up the market a bit.

Look for comments from Randy Shain of Backtrack/First Advantage Corp. as well as Pete Turecek of Kroll.

And a word of thanks to the friendly tipster who pointed me toward the article.

-- MDT

Labels: Backtrack, due diligence, First Advantage, hedge fund, Jules Kroll, Pete Turecek, Randy Shain