Martin's Feed
May 7, 2009
via Funds Hub

Madoff Junkies

Photo

One of the more striking aspects about the Madoff affair is the large number of people who appear to have been ‘hooked’ on Madoff products.

 

Money managers were drawn by Madoff’s air of mystique, his stellar reputation as a market timer, the apparently steady returns with rock bottom volatility and the absence of fees, which¬†some collected from clients anyway.