Madoff: A Tale of Two Funds

In 2006 MPI ran analysis on the Fairfield Sentry Fund, one of the primary feeder funds to Bernard Madoff’s strategy, and came to the conclusion that, most likely, the returns were fabricated. After an exhaustive returns-based quantitative analysis failed to explain the fund’s consistently positive returns, MPI then discovered that the highest correlating factor was […]

December 04, 2008

In 2006 MPI ran analysis on the Fairfield Sentry Fund, one of the primary feeder funds to Bernard Madoff’s strategy, and came to the conclusion that, most likely, the returns were fabricated. After an exhaustive returns-based quantitative analysis failed to explain the fund’s consistently positive returns, MPI then discovered that the highest correlating factor was the return stream of a proven fraud-the Bayou fund. CEO and Director of Research Michael Markov writes about this revelation, the impact of Madoff’s fraudulent returns on hedge fund indices and the need for due diligence in the investment community.

Click here to download the PDF

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  • Matthew Riley
    #

    Link to pdf doesn’t work

    • Michael Markov
      #

      Were you able to download it?

  • Khalil Smith
    #

    Anyone who has been a victim of Central Credit Control in Barrie, Ontario please contact me. I have personally lived with the debt against me for years. hopefully The ministry of consumer affairs – consumer protection will be able to shut this company down. I know first hand what it is like to be railroaded by the company specifically Ms. asselin. It is shocking beyond belief. As per the collection act of Ontario there are very specific rules and regulations in place for a company such as this and to my surprise it seems based on all the complaints I have read thus far. They are neglecting a lot of steps making their claims unlawful.

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