hedNo life after Madoff for ge fund Platypus

Platypus is now liquidating its funds and returning capital to investors. When this is done, its four partners will take much of the remainder of 2009 off to “rest and research” and consider further ideas, such as finding an incubator to partner with. “We may look to rebuild provided we are able to obtain the patronage of a suitable ‘big brother’ who can assist us with marketing, compliance and business risk issues.” Their ideas should be known in the fourth quarter, Talbot said.

 

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Why switching to a reference portfolio metric for YFYS is risky

Treasury’s proposal for a new single-metric performance test may seem refreshing, and sound like progress to a jaded industry, but potential dangers for funds, their members and the system at large lurk underneath.

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