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The hedge fund industry
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Originally posted by BlasterBates View Post -
Originally posted by TimberWolf View PostAnd thus, as time goes on, more and more of AtW's prophesies come to pass.Comment
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Originally posted by TimberWolf View PostAnd thus, as time goes on, more and more of AtW's prophesies come to pass.Comment
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The question is, how do you legislate against stupid investors?Tremont Group Holdings Inc., a hedge- fund firm owned by OppenheimerFunds Inc., had $3.3 billion, or more than half its total assets, invested with Bernard Madoff.
“We believe Tremont exercised appropriate due diligence in connection with the Madoff investments,” the firm said today in a statement.
Here is someone who took the time to look at it properly.“I looked at investing in Madoff many years ago but there was just no transparency,” said Mohammed Syed, founder of London- based Axiom Fund Manager, which invests in funds on behalf of clients. “There wasn’t any transparency to link the story behind the returns to actual transactions.”Comment
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Originally posted by Doggy Styles View PostThe question is, how do you legislate against stupid investors?Well, that is obviously bollocks.
Here is someone who took the time to look at it properly.
It is just like the Emporer's clothes.Comment
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Originally posted by BrilloPad View PostSo these are hedge funds investing in other hedge funds.
It is just like the Emporer's clothes.Comment
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It's like a pair of naked emperors paying each other for laundry services.Work in the public sector? Read the IR35 FAQ hereComment
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Tremont’s Rye Investment Management unit had $3.1 billion, virtually all the money the group managed, allocated to Madoff, said the person, who declined to be identified because the information is private.
So what exactly were these ****ers doing for their cut?
Trouble is, in this day and age, this could bring us all to our knees.'elf and safety guruComment
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