Litigation Affects Diligence

Cutler stated in Pensions and Investments in March 2024 that “Discerning the merits of legal cases is “difficult but necessary for diligence analysts” and a major consideration in the case of Bridgewater is assessing the firm’s “culture and processes during an unprecedented, extended management transition period.”” 

https://www.pionline.com/hedge-funds/bridgewaters-legal-woes-raise-questions-pension-funds-consultants