StoneTurn professionals provided forensic accounting and data analytics support on an investigation into market timing by 10 mutual funds. We used data analytics to identify account holders who displayed evidence of engaging in market timing, and then quantified profits made on their investment activities.

The StoneTurn team then determined the performance of the various funds, assuming the absence of any market timing, as well as calculated damages due to the remainder of the fund owners, in a negotiated settlement. StoneTurn’s analysis and calculations were used by Counsel as the basis for restitution.