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Frenkel & Co., Inc. Company
February 11, 2009
Hoboken, NJ - Michael Feinstein, Executive Vice President of Hedge Fund Insurance, a division of
Frenkel & Co., Inc. is quoted in this week's edition of
Hedge Fund Alert. In an article titled Hedge Fund Insurance Rates Shooting Up, Feinstein is quoted as saying "underwriters also are lowering coverage limits. Case in point: When a hedge fund client recently renewed its policy, the insurance company reduced coverage to $2 million, from $5 million, while charging the same premium. The fund operator was forced to buy additional coverage from other insurers. All participants are becoming more cautious."
Hedge Fund Insurance, a division of Frenkel & Co., Inc., sells Errors & Omissions and Directors & Officers Insurance policies that provide coverage for defense costs and any judgment or settlement arising out of a claim alleging covered wrongful acts - as well as fraud protection for hedge funds and hedge fund investors. Call Mike Feinstein at (212) 488-0270 for more information on E&O/D&O and fraud protection.
