The Madoff fraud has far reaching impact including the hedge fund industry. Clients are going to demand more transparency among other considerations. The fund to funds model is challnged . Private wealth managment will be under strees and so will regulators

 Challenges to Fund of Fund Business Model
 Insurance and Audit business impacted by Fraud
 Madoff Fraud - Impact on Hedge Fund Business
 Madoff Fraud -Market Impact Commentary
 Madoff Scandal Pushing Investigators
 Pressure on Investment Advisors after fraud
 Private Foundations Could Face Tax Fines
US Agency Seizes $2 Million Pension Fund Tied To Madoff Losses
US Agency Seizes $2 Million Pension Fund Tied To Madoff Losses Wednesday March 11st, 2009 / 17h10 By Darrell A. Hughes Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The U.S. pension