Hedge Funds Brace For Madoff Fallout

Dec 15 2008 | 1:09am ET

Suffice it to say, the Bernard Madoff scandal was just about the last thing hedge funds needed in a year that was already set to go down as one of the industry’s worst.

But in a year in which the average hedge fund has lost double-digits amidst the economic instability, investor confidence is likely to be further undermined by Madoff, who was charged last week with running a $50 billion Ponzi scheme, to say nothing of the potential for billions in further losses.


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