MARHedge

MARHedge, originally published under the name HEDGE, was a specialized financial newsletter covering the hedge fund industry. It circulated semi-monthly from 1994 through November 2006 and became one of the most prominent publications devoted specifically to hedge funds during that period. The name was associated with Managed Account Reports Hedge and, at different points, with Managed Account Reports LLC. The publication served a professional audience interested in hedge fund managers, strategies, performance claims, operational practices, and developments affecting the alternative-investment sector. Its role was that of an industry publication rather than an investment fund or asset manager. The available reference material identifies MARHedge as having participated in several large audits of the hedge fund industry and as having reported on significant developments in the sector. One of the publication's most notable episodes concerned Bernard Madoff. Michael Ocrant, who later served as managing editor, said that he and other staff members had been misled by industry insiders about several investment accounts, including Madoff's operation. Nevertheless, Ocrant was among the earliest journalists to question the plausibility of Madoff's reported returns. A MARHedge letter published in May 2001 raised concerns about those returns, years before Madoff's investment fraud became public in 2008. MARHedge also reported on the formation of Hedge Funds Care, a charity established with the aim of helping end child abuse. This reflected the publication's coverage of institutional and social developments connected to the hedge-fund community, in addition to its reporting on investment performance and industry practices. The newsletter ceased distribution in November 2006 after Euromoney Institutional Investor acquired MARHedge. The available sources do not establish that the brand continued as a standalone publication after the acquisition. MARHedge is therefore best understood as a defunct specialist financial-media brand whose historical importance came from its early, focused coverage of the hedge-fund industry and its early scrutiny of Madoff's reported results.

MARHedge was a specialist financial newsletter devoted to the hedge-fund industry. It began circulating in 1994 under the title HEDGE and was later associated with the names MARHedge, Managed Account Reports Hedge, and Managed Account Reports LLC. The publication appeared twice monthly and became a prominent source of focused reporting about hedge funds and managed accounts during the industry's expansion in the 1990s and early 2000s. Its coverage extended beyond routine market commentary. MARHedge was involved in large-scale audits of the hedge-fund industry and reported on important institutional and social developments connected with the sector. One example was its coverage of Hedge Funds Care, a charity created with the objective of helping end child abuse. These activities placed the publication within the professional information network serving hedge-fund managers, investors, service providers, and industry observers. The publication's most historically significant reporting involved Bernard Madoff. After leaving MARHedge, former managing editor Michael Ocrant stated that he and members of the magazine's staff had been misled by industry insiders concerning several accounts, including Madoff's. Despite the information problems surrounding those accounts, Ocrant was one of the first journalists to challenge the credibility of Madoff's reported performance. A MARHedge letter issued in May 2001 questioned the returns associated with Madoff, long before the investment fraud was exposed publicly in 2008. This episode later became relevant to histories of the Madoff investment scandal and to discussions about the difficulty of identifying fraudulent performance claims in the hedge-fund industry. MARHedge's independent publication history ended after Euromoney Institutional Investor acquired it in 2006. Distribution stopped in November of that year. The available reference material does not document a subsequent standalone relaunch, continued publication schedule, or successor brand. Accordingly, MARHedge is recorded as a defunct financial-media brand. Its legacy rests principally on its early specialist coverage of hedge funds, its industry audits and reporting, and its unusually early published skepticism about Madoff's returns.

• 2006

  Acquisition and end of distribution

  [1]MARHedgeen.wikipedia.org

  Euromoney Institutional Investor acquires MARHedge, and the newsletter stops distribution in November.

• 2001

  Madoff returns questioned in a MARHedge letter

  [1]MARHedgeen.wikipedia.org

  A May 2001 MARHedge letter raises concerns about the plausibility of Bernard Madoff's reported investment returns.

• 1994

  Publication begins under the HEDGE name

  [1]MARHedgeen.wikipedia.org

  The newsletter begins circulation under the title HEDGE before later being associated with MARHedge and Managed Account Reports.

A specialist professional publication providing focused reporting and analysis on hedge funds, managed accounts, and the wider alternative-investment industry.

• Financial newsletter · 1994

  MARHedge

  A semi-monthly publication focused on hedge funds, managed accounts, industry practices, and major developments in alternative investments. It was the principal publication associated with the MARHedge name and circulated until November 2006.

• Financial newsletter · 1994

  HEDGE

  The original title under which the specialist hedge-fund newsletter was distributed before it became associated with MARHedge and Managed Account Reports.

• 2001

  Early reporting on Bernard Madoff's returns

  A MARHedge letter published in May 2001 questioned Bernard Madoff's reported returns. Former managing editor Michael Ocrant later said that publication staff had been misled by industry insiders about several accounts, including Madoff's. The episode is associated with the later Madoff investment scandal, although the available material describes MARHedge as an early skeptic rather than as an alleged participant in the fraud.

  Source

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• 2006

  Euromoney Institutional Investor acquires MARHedgeM&A

  Background

  After more than a decade of specialist hedge-fund publishing, MARHedge was acquired by British financial-media company Euromoney Institutional Investor.

  Action taken

  The acquisition was followed by the end of MARHedge newsletter distribution in November 2006.

  Aftermath

  The available source material does not document a continuing standalone MARHedge publication after the acquisition.

  Source

1. 1MARHedgeen.wikipedia.org
2. 2MARHedge official websitemarhedge.com