Tag Archives: red-flags


Blistering report faults SEC for Madoff misses

Reuters – U.S. securities  regulators missed “numerous” red flags that may have led to  Bernard Madoff’s $65 billion Ponzi scheme and never did a  “thorough and competent” probe despite complaints dating to  1992, a federal watchdog has concluded. The U.S. […]

Police plan hedge fund crime detector

Stuff – Britain’s Serious Fraud Office is building a warning system to help it spot hedge fund fraud, the head of the agency said. "We’re looking in particular at a system of red flags to give warnings in respect of […]

MassMutual hedge fund sued in loss

Boston Globe – A Boston law firm has filed a class-action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance Co. for placing all of the fund’s assets with Bernard Madoff, who is facing life in prison for […]

Big Madoff Investors Targeted

Financial Times – The trustee charged with tracking down money for victims of Bernard Madoff’s alleged $50bn Ponzi scheme will target big investors – such as hedge funds – that pulled "substantial amounts" of "false profits" out of the broker’s […]

Database raised red flags on Nadel funds in 2005

Herald Tribune – Partners of failed hedge fund trader Arthur Nadel said they were shocked to learn after Nadel disappeared on Jan. 14 that the six hedge funds for which he did the trading had been emptied of their purported […]

Madoff Red Flags Could Have Been Raised by Santander’s Software

Bloomberg - Banco Santander SA’s hedge fund unit used risk software that according to its developer may have “waved red flags” about Bernard Madoff investments. “You definitely would have seen it,” Riskdata SA Chief Executive Officer Ingmar Adlerberg said in a […]

Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations

Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]

NYU Granted Extension Amidst Madoff Losses

New York (HedgeCo.Net) – New York University scored a victory yesterday, when they won a court order that sought an extension on a temporary ban that would halt J. Ezra Merkin from making any more transfers with the school’s funds.  […]

More Investors Sue Hedge Funds for Ties to Madoff

New York (HedgeCo.Net) – Investors in the hedge fund Fairfield Greenwich Group have sued the company after about $7.5 billion in potential losses stemming from ties to Bernard Madoff.  The investors claimed that Fairfield sustained “avoidable losses,” by not practicing […]

Some Investors Predicted the Madoff Debacle

New York (HedgeCo.Net) – As the investigation continues into what has turned out to be the largest fraud in history, more and more investors are coming forward who saw the red flags early, refusing to do business with Bernard Madoff. […]

How to set up a hedge fund

1 Chose a name A posh part of London or New York can be suitable, as in Pershing Square Capital, Cheyne Capital and Thames River Capital. Or you could choose something slightly aggressive such as Tiger Capital, Citadel Capital or […]

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