The hedge fund industry

[BlasterBates]

Is the Hedge fund industry simply one huge scam

This is incredible.

[TimberWolf]

Is the Hedge fund industry simply one huge scam

This is incredible.

And thus, as time goes on, more and more of AtW's prophesies come to pass.

[BrilloPad]

And thus, as time goes on, more and more of AtW's prophesies come to pass.

He makes so many and only remembers the few that come true.

[Purple Dalek]

And thus, as time goes on, more and more of AtW's prophesies come to pass.

AtW's a clever cookie, if you'd only but look at it.

[Doggy Styles]

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.

Well, that is obviously bollocks.

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.”

[BrilloPad]

The 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.

So these are hedge funds investing in other hedge funds.

It is just like the Emporer's clothes.

[Doggy Styles]

So these are hedge funds investing in other hedge funds.

It is just like the Emporer's clothes.

Actually isn't it like the emperor's new clothes investing in another emperor's new clothes?

[OwlHoot]

It's like a pair of naked emperors paying each other for laundry services.

[thelace]

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.

[DimPrawn]

As they say, it's only when the tide goes out you can see who's been swimming naked.