Secondary Recommendation

Sanne - Fund administration outsourcer benefits from post Madoff compliance boom

March 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One of the abiding memories of the financial crisis was the Ponzi fraud perpetrated by Bernie Madoff, whose fund boasted unlikely returns of 50% in 45 days. Whereas Ponzi himself fleeced wealthy Bostonians, Madoff targeted the affluent New York Jewish community in the early days but in order to compete with the big firms on Wall Street he was forced to create his own electronic dealing system that eventually became the backbone of the US’ Nasdaq exchange.This gave him respectability (Madoff went on to become chairman of Nasdaq and pillar of the financial community) and the means to perpetrate his gargantuan fraud, while the technology allowed him to create his own team of share traders, known as market makers, who dealt on be ...

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Warpaint - Strong debut from supplier of affordable colour cosmetics

Nichols

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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