Certain hedge funds ‘benefitting from Madoff’

DST International – One group of hedge funds has had its performance boosted in comparison to its peers as a result of the Bernard Madoff scandal, according to a number of industry insiders.

Due to the failures of three large funds or fund groups – Fairfield Sentry, Kingate and Rye Select – which were components in the Credit Suisse/Tremont equity market neutral index, the listing has been distorted.

As such, the surviving funds are able to claim they have outperformed the index’s benchmark, Reuters notes.

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