Fee-frauds spark call for hedge funds to self-regulate Submitted 24/11/2021 - 9:16am Increasingly sophisticated fraudsters are relieving capital-raising projects of USD100,000s through fee-frauds, according to Private Debt Investor (PDI), which caters for private debt lenders including hedge, alternative investment and other private capital funds worldwide. Research by the Project Finance Exchange (PFX) has revealed that the global private capital market has grown to USD20.35 trillion liquidity managed and allocated through over 125,000 funds worldwide (sources: Cap-Gemini, industry associations and institutions).