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Auditors in spotlight over Madoff scandal

Fairfield Greenwich was one of several firms, serving as middlemen, that placed investor money with Bernie Madoff for a fee. They're starting to point the finger at their auditors. Fairfield... Read more...

Lots of intrigue over AIG

The New York Times reports that AIG is "rapidly running through" the $123 billion in emergency lending it has received from the Fed. It has drawn down $90 billion so far, which is prompting a lot of... Read more...

Surprise! Hedge funds report often

There are a lot of myths when it comes hedge funds. The most common is that they are secretive and opaque. That's true to some extent. Not want to give away their... Read more...