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Julia Leikin
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The Quest for Cover
Software providers plug the holes that the Madoff blowup exposed in funds-of-funds.
Julia Leikin December 17, 2025
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Morten Spenner, chief executive officer of $4.2 billion, London-based International Asset Management, was as stunned as any fund-of-hedge-funds manager when word broke that Bernard Madoff had conned this supposedly sophisticated crowd out of tens of billions of dollars."Weren’t we more institutional than this?" asks Spenner,

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