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U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield By Sabrina Willmer | February 23, 2021 Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental illness. In all three cases, taxpayers footed the bill — and, before long, government authorities came looking for the companies’ owners: private equity. Long insulated from legal liabilities at the companies they buy, these investment...

Jean Hynes discusses active management, private equity and lessons she can offer other women on Wall Street. Michael McDonald | Feb 08, 2021   (Bloomberg) -- Jean Hynes knows the value of perseverance. Hired after college by Wellington Management in Boston as an administrative assistant, she rose through the research and portfolio-manager ranks over three decades. In June, she takes over as chief executive officer when Brendan Swords leaves the closely held company, which traces its roots to 1928. The Boston-area native and daughter of blue-collar Irish immigrants will be the first wom...