Yesterdayâ??s disclosure by KSM Capital Advisors that its clients might
be out $15 million from the alleged Madoff scandal probably wonâ??t be the last local fallout. At minimum, it has been
a
stressful and embarrassing time for a respected Indianapolis firm.
Some very good minds from around the world thought so much of Bernard Madoffâ??s returns that they actually begged him to invest their money. Others thought they smelled a rat when his returns didnâ??t contract with market downturns, and quietly stayed away.
KSM didnâ??t directly invest with Madoff. It placed the money with another firm, which sent the money to a third firm that in turn invested with Madoff.
To what extent do you blame KSM, or its parent, Katz Sapper & Miller, for the nightmare? Any lessons to learn?
Some very good minds from around the world thought so much of Bernard Madoffâ??s returns that they actually begged him to invest their money. Others thought they smelled a rat when his returns didnâ??t contract with market downturns, and quietly stayed away.
KSM didnâ??t directly invest with Madoff. It placed the money with another firm, which sent the money to a third firm that in turn invested with Madoff.
To what extent do you blame KSM, or its parent, Katz Sapper & Miller, for the nightmare? Any lessons to learn?
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Nice, so a fee on top of a fee that is on top of yet another fee that was invested with a guy (Madoff) who made money on the commissions and didn't charge a fee. Sure was nice of Madoff not to charge a fee and only charge a commission on the trades placed. One could say that Madoff has better morales than KSM. I wonder if it was explained to the clients that a fee was going to be charged on top of a fee that was charged on top of a fee that was investing with a guy that was charging commissions. KSM did you explain the series of fees to your client?
again....NOT KSM'S FAULT....SEC!!!!
Religion is not research.
Sounds like Karma to me.