Uncharted with Hannah Fry 20. The Confidence Trick
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Sep 9, 2024 A young legal clerk uncovers a suspicious report hinting at hedge fund fraud, raising serious doubts about impressive profit claims. Delve into elite investment strategies, including a self-proclaimed royal figure's insights. The controversial practice of front running is revealed, showcasing insiders' manipulation for profit. Explore a dangerous investigation into a potential Ponzi scheme, highlighting the shocking connections to global financial misconduct. Personal stories of loss encapsulate the devastating consequences of greed and systemic failures within the finance world.
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The Secret Manager
- Frank Casey, a risk analyst, learned of a secretive hedge fund manager with unusual success.
- This manager claimed to achieve 1% monthly returns with minimal risk, intriguing Frank.
The Impossible Returns
- Harry Markopoulos, a financial modeler, tried to replicate the manager's returns.
- He found that such consistent returns without any losses were mathematically impossible unless it was a fraud.
Growing Concerns
- Frank and Harry's investigation revealed the manager had billions from various sources, including possibly dangerous individuals.
- They grew increasingly concerned about the scale of the operation and potential risks involved.