Did the board of trustees issue RFPs for investment management services?
B. Did the board of trustees understand Madoff’s investment philosophy and methodology? Did it review offering documents? Did it regularly review quarterly reports? C. Was Madoff present during the decision process? Did he recuse himself from the decision? D. Did the board of trustees ever question Madoff’s stellar record? That record was so stellar that many shied away from investing with Madoff because they did not believe such returns were possible. An article in today’s Wall Street Journal demonstrates that Madoff’s claimed strategy would have been impossible to execute given the size of Madoff’s fund. Tom Lauricella, Aaron Luchhetti, and Amir Efrati, Madoff Ran Vast Option Game: Firm to Shut, Wife’s Role Questioned; Volume Made Strategy Impossible, Traders Say (Dec. 9, 2008). It points out that the paper record suggests that Madoff claimed to purchase more option contracts on a given day than were traded on the exchange. On the surface, this was a straightforward example of the st
Related Questions
- If I am mainly looking for the participation in the investment or the financing of a hospital project, what services can American Hospital Management Company offer me?
- Did the board of trustees issue RFPs for investment management services?
- Does WMS provide investment advice or investment management services?
