"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Monday, December 15, 2008
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.
No comments:
Post a Comment