Where Did the Madoff Money Go?

FEES! Hedge fund fees, that is, according to Bloomberg. I think someone's going to get sued. Investors will want their fees back, as they were based on fraudulent returns. Ouch! Long-term, I can think of nothing better for my own future as an investment manager than to have the house cleaned out before I get out of school. I'm so glad I won't be competing against so many frauds and incompetents who have been eliminated.