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Peter J. de Marigny is Portfolio Manager of DITMo® Strategies, an Equity Hedge, Aggressive-Income Objective, Buy/Write Portfolio for an Aggressive-Income Objective used as an Enhanced Cash investment vehicle. Pj is also Head of Risk Alternative Strategies for Newport Beach, CA advisor Renovatio Asset Management. » View Peter J. de Marigny
Ryan Conner is Principal at HedgeCo Securities. As an experienced industry veteran, Ryan Conner offers his opinions on the hedge fund industry and hedge fund strategies.
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Rashida Fleet is involved with consulting and working with managers during the fund launch phase. Her work includes; interviewing managers, collecting information for the HedgeCo database and contributing to the HedgeCo News feed.
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Tim Seymour is co-founder and managing partner of Red Star Asset Management, as well as Chief Operating Officer of the $116 million Red Star Double Alpha Fund.
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Richard Heller Richard Heller is a partner at the New York City law firm of Thompson Hine LLP. His experience is in the formation of private offerings for hedge funds as well as the formation of registered broker-dealers and RIAs.
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Bret Rosenthal Principal of RCM, LLC, and founding partner of the Fortune's Favor Family of Funds.
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Cameron Hight, CFA, is an investment industry veteran with experience from both buy and sell-side firms, including CIBC, DLJ, Lehman Brothers and Afton Capital. He is currently the Founder and President of Alpha Theory™, a Portfolio Management Platform designed to give fundamental money managers the ability to create their own repeatable discipline to organize the complex process of portfolio management.
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The Times broke a story which based on “Internal forecasts” the reported losses of investments made into Madoff funds by Credit Suisse clients could reach $925 million. This follows the admission that Swiss bank UBS lost $1.4 billion.

Credit Suisse are standing firm on their statement that they didn’t have anything to do with promoting or selling Madoff investments. While admitting that CS clients lost money, CS spokesman, Jan Vonder Muehll, states:

Credit Suisse did not actively sell stakes in Madoff funds to the bank’s clients and there were no Madoff funds on the Credit Suisse ‘recommended’ list. Also, no fund of hedge funds structured by Credit Suisse contained Madoff funds.

With this information, it’s unclear where the money was lost. Most people are pointing towards feeder funds, which where set up to extend the capacity for Madoff funds.

In other Madoff news:

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  1. December 31st, 2008
    6:49 am

    [...] to update on Madoff scandal! Madoff & Credit Suisse – how did a major bank lose $925.9 mln? I’m also working on a list of feeder funds that were effected by this debacle. Maybe [...]



  2. September 28th, 2009
    12:00 am

    Thanks for the great post!

    - Comment by lopas