4th Madoff Ponzi Scheme Victim Kills Self

4th Madoff Ponzi Scheme Victim Kills Self

A hedge fund executive leaped to his death from the luxury Sofitel hotel in New York City Monday afternoon, authorities said. In doing so, Charles Murphy, 55, became the fourth person to commit suicide after losing billions in Bernie Madoff’s $50 billion Ponzi scheme. Murphy, who owned a multimillion-dollar townhouse, jumped from a room he had…

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More