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Checks And Balances

Hedge fund of funds are going to have to regain the trust of investors following their exposure to Madoff


By Gerelyn Terzo

January 5, 2009

The hedge fund industry has never been known for its transparency, but as long as returns were stellar investors didn't quite seem to mind. Bernie Madoff, the infamous mastermind behind the alleged Ponzi scheme that cost the industry an estimated $50 billion, has changed that, and the disclosure pendulum is swinging in the opposite direction.

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