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Madoff Feeder Funds

Here’s a list of madoff feeder funds, and the amount of money was reported lost

  • Fairfield Sentry Ltd ($7.3 billion)(1)(2)
  • Rye Select Broad Market Fund LP ($3.3 billion)(1)(2)
  • Kingate Global Fund Ltd. ($2.8 billion)(1)(2)
  • Herald USA Fund & Herald Luxemburg Fund ($2.1 billion)(1)(2)
  • Ascot Partners L.P. ($1.8 billion)(1)
  • Gabriel Partners ($1.5 billion)(1)
  • LUXALPHA SICAV- American Selection (1.4billion) (1)
  • M-Invest Ltd (as much as $700 million)(1)
  • Fix Asset Management ($400 million) (1)

About Aaron Wormus

Aaron Wormus works as the Managing Director of Website Creation at HedgeCo Networks and has worked with HedgeCo since the end of 2004. Prior to working with HedgeCo Networks, Aaron managed a private consulting firm based in Frankfurt, Germany. During this time he worked implementing back-end systems for clients ranging from telecommunications companies to mining companies and Silicon Valley software distributors. Aaron Wormus is a published author who has studied Information Technology and Journalism in Finland. His written work has been published in various technology magazines, translated into 5 European languages, as well as published book. Aaron regularly speaks at PHP Programming conferences, and is involved in the organization of his local technology user group.
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One Response to Madoff Feeder Funds

  1. Investaman says:

    These funds should be ashamed! Where was the due diligence? It’s not like people didn’t know what to look for, they were just lazy and greedy.

    Read a new good resource on this subject recently. It was named by Jason Scharfman called Hedge Fund Operational Due Diligence: Understanding the Risks (came out in Dec. 08).

    These so called professionals should have the decency do at least do their homework before they rake in millions!

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