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Iron Cove Blog

Check here for the latest Iron Cove Case Studies & Financial Services Related Blog Posts

Tags: Insurance, insurance, Iron Cove Posts, Broker-dealer, Cost, Coverage, Coverage Overview, Dodd-Frank, Errors and Omissions, Fiduciary, Fiduciary Liability, Finra, Liability, Registered Representative, Regulation, SEC, SEC Investigations, Securities Dealers

Management Company Liability to Outside Shareholders

Jan 6, 2014 1:59:24 PM

Most Money Management Firms purchase blended D&O and E&O Insurance Policies under the assumption that they are covered in the event an outside shareholder brings a lawsuit alleging mis-management or breach of fiduciary. While they may be right, there are a variety of policy provisions that could preclude coverage in the event of litigation.

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Tags: Hedge Funds, Insurance, Advisory Board Member, Breach, Directors & Officers Liability, Errors and Omissions, Fiduciary, financial institutions, hedge fund, Insurance Protection, Iron Cove Partners, Lawsuit, Liability, louis d'agostino, Management Company, Partner, Shareholder

Fiduciary Liability? Do we have it? Can I answer "YES" on the DDQ?

Dec 17, 2013 4:15:41 PM

Fiduciary Liability

Countless numbers of our financial institution clients are asked to carry Fiduciary Liability protection by third-party investors. This request causes a lot of confusion for asset management firms due to the fact that they rarely ever purchase it (at least in the most literal sense).

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Tags: hedge fund insurance, Hedge Funds, Insurance, agency, Asset Management, Iron Cove Posts, brokerage, Due Diligence Questionaire, ERISA, Errors and Omissions, Fiduciary, Fiduciary Liability, hedge fund, investment advisors, Liability, Lou D'Agostino, Pension Plans

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