Funds Hub
Money managers under the microscope
Morning line-up: Soros, Ponzi, and steamrollers
News and views on the fund industry from Reuters and elsewhere:
Guilty plea in Ponzi case – WSJ
Newcits over-rated? – FTAdviser
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Conservatives’ Clarke tries to appease hedge funds over new rules – Times
Hedge fund firm NewSmith pays members 29 mln stg in 2008 – Reuters
Fund manager pleads guilty in Ponzi case – Chicago Tribune
Citadel’s main hedge funds continue rally in September – WSJ
Despite ’08 pain, the rich still like hedge funds – Reuters
Frontier backs synthetic over single hedge funds – FTAdviser
Madoff NOT dying of cancer – Prisons Bureau
The latest update on the health of convicted fraudster Bernard Madoff, from the Federal Bureau of Prisons, is that Madoff is NOT dying of cancer.
A spokeswoman said in a written statement: “Bernie Madoff is not terminally ill, and has not been diagnosed with cancer”, although the bureau didn’t deal with every point raised in the New York Post story.
The Post had reported that the fraudster, who is serving a 150-year jail sentence in a North Carolina prison, had told inmates he does not have long to live, and quoted one inmate saying Madoff was taking “about 20 pills a day” and was “not doing very well”.
Legal experts said a serious illness could have guided Madoff’s decision to plead guilty to the $65 billion Ponzi scheme.
However, one victims’ lawyer, Joseph Cotchett, said he had seen no indication that Madoff was sick when he visited him in prison last month.
Sounds to me like some people are just trying to extend there 15 minutes in the lime light. Who really cares about this mans health condition, when his time comes let it come. Don’t make a big deal of a criminals life.
