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Hedgetalk
by Alex Akesson on January 12, 2009

GMB Capital is run by MIT professor Gabriel Bitran and his son Marco. The father-son team told investors that the hedge fund would rely heavily on Bitran's complicated algorithms to deliver low volatility where prices almost never change, Reuters reported. Instead, they invested with Madoff, making themselves and those who trusted them victims of the Madoff debacle.
Full story available at; Hedge fund shuttering after Madoff bet
Permalink: $100 Million Hedge Fund to Liquidate
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/141125
Mr Wong
Vote for $100 Million Hedge Fund to Liquidate:
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Rating: 6.67 out of 3 vote(s) cast.
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Response from:
Deepak
(01/13/09 1:25am)
t is just the beginning of the cascading effect of the Madoff scandal.Funds liquidating, Insurance claims and lawsuits are just the beginning.This calls in for a tougher regulations by the authorities if we need to avoid another "Madoff".
Response from:
Yuri Rutman
(01/13/09 12:55pm)
Just wondering why none of these have used any type of principal protection of capital or Asian hedging strategies
Yuri Rutman
http://section181.blogspot.com/
http://www.noci.com
Yuri Rutman
http://section181.blogspot.com/
http://www.noci.com
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