NEW YORK: Bernard Madoff’s sordid legacy remains the stuff of headlines. But his fraudulent scheme altered – and transformed – the hedge fund industry.
As fund lawyer Steven Nadel at Seward & Kissel LLP put it in a recent interview: “Madoff was a huge wake-up call for the entire asset management industry.”
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!