Outstanding returns.
Fraudulent funds might outperform their benchmarks significantly or post steady returns during volatile periods, reports The Wall Street Journal's Jean Eaglesham and Steve Eder.
At least outstanding returns are what the crooked funds often report to their clients, at least. (Don't forget, Bernie Madoff wasn't really posting those steady annually gains he boasted about).
In any event, the SEC's finally on to this, and it's using computers to spot likely swindlers….
Read more: http://www.businessinsider.com/sec-criminal-hedge-funds-one-thing-in-common-2011-12#ixzz1hoXhLaqs
No comments:
Post a Comment