FACTBOX-Companies exposed to Madoff
Wednesday, January 28, 2009 : PermalinkForbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff:
* AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost $12 million with Madoff, the pension fund said.
* BALOISE-Holding AG – The Swiss insurer will have to writedown $13 million after investing in hedge fund Kingate Global, which in turn invested in Madoff’s investment vehicle.
Tags: baloise, bernard madoff, capital-management, forbes, insurer, investment vehicle, massachusetts state, money, pioneer, securities fraud, state-pension-fund, wall street
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