One-time Chairman of the Nasdaq Stock Exchange Bernie Madoff managed to successfully attract many prominent and wealthy people to invest into his gigantic Ponzi scheme partly because of a unquie historical track record. The fund delivered good returns with little drawdowns or volatility. The table shows the month-by-month and annual fund performance associated with Madoff. […]

source: https://thefinance.sg/2024/05/17/when-your-funds-returns-look-so-good-and-your-peers-look-so-bad/