• 

• The Leading News Source for Financial Advisers

• HOME
• NEWS & OPINION
  • News by Topic/Section
    • Associations/Trade Groups
    • Broker-Dealers/Independents/Wirehouses
    • Compliance/Regulation
    • Financial/Estate Planning
    • Insurance
    • Investments
    • Managed Money/SMAs/Hedge Funds
    • Mutual Funds/ETFs
    • Retirement
    • RIAs/Custodians
    • Short Interests
    • Taxes
    • Technology
    • Wealth Management
  • Columns
    • Fiduciary Corner
    • IN Practice
    • Investment Insights
    • Investment Strategy
    • IRA Alert
    • Marketing Strategies
    • On Retirement
    • Online OpINion
    • Practice Management
    • Retirement Watch
    • Succession Planning
    • Tax-Conscious Adviser
    • Tax INsight
    • Tech Bits
  • Opinion
    • Editorials
    • Just Thinking
    • Letters to the Editor
    • Online OpINion
    • Other Voices
    • Thinking Out Loud
    • Weekly Poll
    • Write to the Editor
  • Special Reports
    • Anniversary Issue
    • Data Book
    • Interactive Independent Broker-Dealer Profiles
    • Roundtables
    • Top RIA Rankings
    • Wealth Management Market Reports
    • More Special Reports
• PRINT EDITION
  • Current Issue
  • Past Issues
  • Search Archives
  • Subscribe
• ONLINE EDITION
  • Ask the CPA
  • Conference Calendar
  • ETF Center
  • From the Fiduciary
  • From the Headhunter
  • Interactive Independent Broker-Dealer Profiles
  • Online Columns
    • IN Practice
    • On Retirement
    • Online OpINion
    • Tech Bits
  • Weekly Poll
  • Practice Management
  • Retirement Center
  • Tax INsight
  • Top RIA Rankings
  • Video
    • Wealth Track
  • White Papers
• NEWSLETTERS
  • InvestmentNews Daily
  • Weekly Issue Alert
  • InvestmentNews Regulatory Alert
  • IN Tech
  • Subscribe
• EVENTS
  • Adviser Compensation Workshops
  • Awards
    • Community Leadership Awards
    • Retirement Income Communications Awards
    • US Lipper Fund Family Award Winners
  • Conference Calendar
  • ETF Insights Online Conference
  • Going Independent Workshop
  • Retirement Income Summit
  • Webcasts
• TOOLS & RESOURCES
  • BD Recruitment Connection
  • Business Resources
  • Career Connection
  • Industry Links
  • Investment Tools
  • RSS Feeds 
  • Software Connection
  • Sponsored Supplements
  • White Papers
• TRAINING CENTER
• COMMUNITY

Really rich hire Rudy to guard the gates

His company pairs up with an ultrahigh-net-worth firm to protect clients from financial fraud

By Sue Asci September 20, 2009, 6:01 AM EST Post a Comment

Former New York Mayor Rudolph Giuliani has paired up with an ultrahigh-net-worth shop in a bid to protect the firm's wealthy clients from investment fraud.

He and his firm, Giuliani Partners LLC, of which he is chairman and chief executive, last week entered into a joint venture with Nine Thirty Capital Management LLC, an investment manager that caters to the wealthy.

Giuliani Partners' security division — which specializes in investigations and managing crises — will work directly with Nine Thirty Capital's investment professionals to vet hedge fund managers for the firm's wealthy clients.

Bloomberg

Rudolph Giuliani: Giuliani Partners will work with Nine Thirty Capital.

“Considering the current state of our economy and the numerous financial frauds uncovered in the past year, it's no wonder that investors are extremely wary about where they should invest their money and are asking, "Who can we trust?'” Mr. Giuliani said in a statement.

To participate in one of the customized portfolios that Nine Thirty offers to clients, who must have at least $50 million in assets, the hedge funds and their principals, managers and employees must go through a review process, according to the statement. The process includes identity, background and reputation due diligence, operational due diligence and continuing due diligence.

E-mail Sue Asci at sasci@investmentnews.com.

User Comments