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Anthony Alfidi's
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You're right about feeder funds adding little value. They operate outside the purview of regulated firms, so there's little recourse for investors who express concerns. Then again, HSBC and UBS both threw money into Madoff's shredder, so maybe they were trying to play catch up with feeder funds and FoFs that were pulling away their AUM.
Dec 24 17:13 pm
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All Comments by Anthony Alfidi »Random Holiday Thoughts [View article]