Madoff results were impossible to replicate

Madoff results were impossible to replicate

Michael Markov, chief executive of Markov Processes International, said his company analyzed one of Fairfield Greenwich's funds that invested with Madoff in 2006 and concluded the returns were most likely not real. Such returns would have required perfect foresight and more option contracts than existed in the market, he said.
"It was impossible to replicate," Markov said.
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12.22.2008 | MPI Announces Release of New Research Paper
- PRESS RELEASE - MPI's paper entitled Madoff: A Tale of Two Funds demonstrates how advanced returns-based analysis techniques could have alerted investors to potential inconsistencies. Download PDF