AIJ Tokyo Asset Management: Billions In Customer Funds Are Missing

This is more Madoff than Corzine, but the song of unforeseen counterparty risk remains the same.

The Japanese regulators have decided to take a closer look to see how many more of the 299 asset management firms have funding problems like this.

Don't it always seem to go that you don't know what you've got 'til its gone?

Wall Street Journal Japan
Missing Funds at AIJ: Watchdogging Japan
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