The recent news storm surrounding Mr. Bernie Madoff's money management escapades has blown fresh air into Fiduciary Duties. A letter to the editor by Thomas L. Fraser, Esq. published in today's New York Times National Edition contains the sage observation that "basic due diligence on the operations of a money manager is a fundamental part of a fiduciary’s duties and can have a direct impact on investment return." Thomas L. Fraser, January 6, 2009 Letter to the Editor, New York Times Nat'l Ed, p. A22 (Published Wed., January 7, 2009).
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