FutureSelect Portfolio Management is understood to have
taken what some investors have argued is an unfair line in how
it is handling redemptions, post Madoff. The Redmond,
Washington-based firm, run by Ron Ward, is one of some 30 or so
firms handling the effects of having Madoff in the portfolio,
including whether or not to have clawbacks in case trustees
come back to collect "false" profits.
A few investors are upset because they say the firm has
changed terms with very little notice. FutureSelect Prime
Advisors is understood to have had up to 90% of...