Transparency: What Counts

04Jan09

Just a quick thought. What enabled frauds like Madoff, Petters, Dreier, and Israel was not the opacity of their strategies or processes, it was the opacity of their operations. For all I care, a manager can use astrology to make his investment decisions. So long as there are material accounting, legal, and [...]

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Tags: hedge funds, madoff

Quick Update

29Dec08

Where have I been? Things have been really, really busy. Not posting is kind of a self-sustaining loop. The less often I look at my own blog, the less inclined I am to post.
So here’s where I am: got my study materials for CAIA level 2 a few weeks ago. I’m somewhat [...]

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Tags: business school, CAIA, hedge funds, madoff