Madoff's Fraud Leaves Lasting Impact on the Hedge Fund Industry

The hedge fund industry has undergone significant changes, particularly in the fund of funds sector, following the Madoff scandal. This led to increased scrutiny and outflows, prompting greater transparency and disclosure. Institutional investors like pension funds have entered the market, demanding more openness. Blackstone, not involved in the Madoff scandal, has benefited from these changes, seeing growth in its hedge fund business.

In what ways have hedge funds increased transparency for their investors?

What impact did Blackstone have on the hedge fund industry following the Madoff scandal?