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	<title>Hedge Fund News From HedgeCo.Net &#187; bard college</title>
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		<title>Schools re-evaluate after Madoff losses</title>
		<link>http://www.hedgeco.net/news/01/2009/schools-re-evaluate-after-madoff-losses.html</link>
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		<pubDate>Wed, 21 Jan 2009 00:00:00 +0000</pubDate>
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		<description><![CDATA[The Brown Daily Herald &#8211; Several colleges and universities are sustaining large financial losses in the aftermath of Bernard Madoff&#8217;s $50 billion hedge fund scam. Madoff defrauded investors by using money collected from new investors to pay off existing ones &#8211; an illegal strategy known as a Ponzi scheme after the man who developed it. [...]]]></description>
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		<title>Bard College lost $3 million in Madoff scheme</title>
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		<pubDate>Fri, 16 Jan 2009 00:00:00 +0000</pubDate>
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		<description><![CDATA[Daily Freeman &#8211; Bard College said on Thursday that it lost about $3 million in investments tied to disgraced Wall Street financier Bernard Madoff. Bard spokesman Mark Primoff said the losses came in the Northern Dutchess school&#8217;s $270 million endowment fund. Primoff said the college invested in the Ariel Fund run by J. Ezra Merkin, [...]]]></description>
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