Tuesday, December 14, 2010

Madoff Claims Become Hot “Distressed Asset”

Fee fi fiddle-de-dee,
A hedger's life looks fine to me.

As the year winds down, hedge fund managers have good reasons to Deck the Halls. Last I heard, the tax-extender legislation will not tax the "carried interest" portion of their earnings as ordinary income. And The New York Times reports that hedgers and other "sophisticated distressed investors" have a new asset in their sights. Claims of Madoff victims.

Know anybody who has sold his or her claim?

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