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Rudy Giuliani teams up with family investment firm to tackle fraud

Former New York mayor Rudy Giuliani has moved into the area of manager due diligence in the wake of the recent market scandals.

Utilising the experience he gained as a prosecutor and mayor taking innovative approaches to combating fraud and organised and white collar crime, Giuliani has teamed up with investment firm Nine Thirty Capital to launch a joint venture aimed at improving the protection offered to a select group of ultra high net worth families.

Focused primarily on the financial and operational soundness and credibility of hedge funds and other investment partners to whom Nine Thirty's families have committed assets, the JV is being marketed as a robust multi-stage process that unites investment management expertise with investigative and operational due diligence capabilities.

In particular, the JV will require investment funds, their principles, key managers and employees to undergo indepth identity, background and reputation checks, a robust operational due diligence and an ongoing review and assessment process.

"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?'," stated Giuliani (pictured).

"More than ever before, investors need to be sure that the people and funds they entrust with their assets aren't just saying all the right things, but are actually doing what has been promised," he added.

Giuliani is involved through Giuliani Security & Safety, a global security, investigative and crisis management consulting firm he runs with Pasquale J D'Amuro, a former FBI executive assistant director for counter terrorism and counter intelligence.

"In a way not offered before in the industry, Nine Thirty Capital now provides investors a truly open window into the backgrounds of the key people as well as the platforms standing behind their investments, so that they can see for themselves that their reputations are clean, their structures are sound, and their methods and counter-party relationships are in-line with the tightest standards of the industry," said D'Amuro.

The next issue of Campden FO will feature an exclusive interview with Rudy Giuliani, Pasquale J D'Amuro and Nine Thirty Capital president Stuart J Rabin. Click here to subscribe and ensure you receive your copy.

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