{"id":9920,"date":"2009-02-19T00:00:00","date_gmt":"2009-02-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"madoff-distortion-makes-some-hedge-funds-look-good","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/madoff-distortion-makes-some-hedge-funds-look-good.html","title":{"rendered":"Madoff distortion makes some hedge funds look good"},"content":{"rendered":"<p>Reuters &#8211; One of the bizarre effects of Bernard Madoff&#8217;s alleged $50 billion fraud is that it has boosted the performance of one group of hedge funds when measured against their peers, industry insiders said. <\/p>\n<p>At least one major index, the CS\/Tremont equity market neutral index, has been distorted by the failures of three large funds or fund groups which were index components: Kingate, Fairfield Sentry and Rye Select.<\/p>\n<p>&quot;The values of these funds have been taken to zero and we have no plans to restate them, nor to create additional indexes which exclude these funds,&quot; said Elaine Bourke, an associate at Credit Suisse\/Tremont Hedge Index.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/marketsNewsUS\/idUKLH9814620090218\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; One of the bizarre effects of Bernard Madoff&#8217;s alleged $50 billion fraud is that it has boosted the performance of one group of hedge funds when measured against their peers, industry insiders said. At least one major index, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4331,956,7796,7797,797,1191,7794,2114,7793,7795,1658,4326,4410,7792],"class_list":["post-9920","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bernard-madoff","tag-credit-suisse","tag-elaine","tag-fairfield","tag-fraud","tag-fund-groups","tag-index-components","tag-indexes","tag-industry-insiders","tag-major-index","tag-peers","tag-reuters","tag-sentry","tag-tremont-hedge"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9920"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9920\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}