Saturday, December 13, 2008

SCARY EPIC FAIL



SUPER MASSIVE EPIC HEDGE FUND FAIL

From the article
Christopher Miller, chief executive of London hedge fund ratings agency Allenbridge Hedgeinfo, said: "Some very big investor names are involved in this. The scheme could only work if enough investors were subscribing for him to pay money out. Some of the world's biggest hedge funds have been hit by this. There will be a monumental impact for the hedge fund industry, it could be larger then Enron.

"Some investors in Madoff's funds face 100% write-downs on the money they invested, they will suddenly be nursing full write-downs in December. When people realize the magnitude of this it will be fizzing around the stratosphere."


Considering the size of hedge funds is in the Trillions... a 100% write down for some big investors... could mean epic fail for the rest of us maybe? Who knows....

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