Madoff Losses Slam CS/Tremont HF Index for November

It turns out that the Madoff hedge fund losses will cause the Credit Suisse / Tremont Hedge Fund index to post a 4.15 percent loss for November, quite a bit larger than the preliminary data that was showing a monthly decline of 0.7 percent (see WSJ article). As this fraud unfolds and the details become more transparent, there is likely to be even more losses and levels of exposure and negligence uncovered.