Why fund selectors must watch Netflix's 'MADOFF: The Monster of Wall Street'

Could it happen again today?

Madoff, Dry January and our manager research process – not obvious bedfellows but bear with me and you will see where I am coming from.

One of the benefits of doing Dry January is having more time on your hands, and this year I ploughed through the new Netflix documentary about the Bernie Madoff scandal, "MADOFF: The Monster of Wall Street". It might not be the Bourne Identity but it's still an engrossing, fast-paced watch - and even if you were around as the scandal broke in late 2008 (like I was), there is plenty of new stuff in there.   As for the plot, you could not make it up: penny trade broker to hedge fund manager with the Midas touch - or so everyone thought until it all came crashing down around Wall Street'...