Tag Archives: board of directors
*Edit: Revised Madoff Feeder Fund Letter to Investors
A letter dated December 22, 2008 and sent from Fairfield Sentry Limited to its investors recently surfaced here. The fund, part of Fairfield Greenwich Group, had invested in excess of $7 billion in Bernard Madoff Securities, making it Madoff’s largest feeder fund investor. In wake of the surrounding facts which have surfaced in the case, we have received a rough […]
The Influential Power of Hedge Funds
Hedge funds, who are notorious for chasing large returns often in the short term, are no strangers of pushing for strategic change within companies that they invest in. However, recent trends have seen more and more hedge fund managers looking to oust board members who they feel are not in line with their objectives for growth. On the surface, it […]