Would be fitting since he seeded her first 4 funds.I hope she hedged otherwise she's just going to be another Bill Hwang, just investing in a particular segment of an asset class.
Would be fitting since he seeded her first 4 funds.I hope she hedged otherwise she's just going to be another Bill Hwang, just investing in a particular segment of an asset class.
the 65bn included fabricated gains. Real fraud was 18bn. It’s clearly stated in the wiki.
I hope she hedged otherwise she's just going to be another Bill Hwang, just investing in a particular segment of an asset class. Past performance is not an indicator of future performance. Nobody has a highly successful business catering to investors forever.
No since Madoff never invested anything so 100% of the "gains" are raised. And according to the records, the loss was close to $65 billion so all of that was raised.
LOL that is her .... but 30 years ago.
Talk about blind.
I don’t think he did. I think he claimed to have 10bn but the actual losses were pretty small.
In any case I was wrong about cathie. She raised 54 billion. And while madoff was a fraud, cathie has a legitimate highly successful business catering to a specific investor class.
If I were 2/20 on 56 billion I wouldn’t be on elitetrader.