Discussion in 'Wall St. News' started by zdreg, May 9, 2022.
Would be fitting since he seeded her first 4 funds.
the 65bn included fabricated gains. Real fraud was 18bn. It’s clearly stated in the wiki.
No since Madoff never invested anything so 100% of the "gains" are raised. And according to the records, the loss was close to $65 billion so all of that was raised.
of course she didn’t. It’s not in her mandate.
lots of people make money catering to investors forever. Every mutual fund does this: Literally hundreds of trillions of dollars worth of investors.
Bill hwang is different. He was actually trying to generate alpha and was extra levered.
What’s amazing is all the hate for cathie and nothing for tiger global who can hedge by their mandate.
read the wiki. It’s really clear.
He did help out Cathie with her ARKK back in the day. However, he's apparently got far worse issues to deal with now than margin-calls:
yer full of crap
Its internally leveraged 1000x by buying garbage
What class is that ?
Point well made, Sir. Still a BSD in my book.
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