Updates
On the value of actual human intelligence: The decade’s biggest fund scandal broke on Monday when the SEC nailed the advisor for Infinity Q Diversified Alpha Fund (IQDNX) for cooking the books. James Velissaris, founder and CIO, apparently introduced an element of whimsy into calculations of the fund’s NAV, assigning indefensible values to at least some of the fund holdings.
The remnants of the fund’s website describe it this Continue reading →