where it gets muddy, of course, is that the fund probably had accounts at Madoff...
That is a gray area. Due Diligence standards failed miserably in allowing this rotten manager in the tent. God’s hand is clearly at work through out this mess. If you humble yourself to the market, it will exault you & visa versa. God is pruning some and throwing others into the fire pits of hell. Both the arrogant and ignorant are in for a severe humbling.