Five Ways to Avoid Getting Madoffed

Simply put, when it comes to selecting an investment manager or any investment vehicle, you need to be a truly informed consumer. This is true whether you're putting your money into a hedge fund, mutual fund or a separately managed account.

I wrote a letter to all of my investors that explained how LakeView Asset Management (my firm) has built-in safeguards to prevent a Madoff-like fraud. So what are a few things that, as an investor, you should look out for and ask before you select an investment advisor? Here are five key questions...

TheStreet: Five Ways to Avoid Getting Madoffed