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	<title>Hedge Fund News From HedgeCo.Net &#187; bernard madoff</title>
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		<title>Northern Trust Named Best Overall Hedge Fund Administrator</title>
		<link>http://www.hedgeco.net/news/11/2009/northern-trust-named-best-overall-hedge-fund-administrator.html</link>
		<comments>http://www.hedgeco.net/news/11/2009/northern-trust-named-best-overall-hedge-fund-administrator.html#comments</comments>
		<pubDate>Mon, 02 Nov 2009 14:04:00 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[assets-under-management]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[chief-executive]]></category>
		<category><![CDATA[due-diligence-service]]></category>
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		<category><![CDATA[lehman-brothers-holdings]]></category>
		<category><![CDATA[medallion]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[reuters]]></category>
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		<category><![CDATA[west palm beach]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12747</guid>
		<description><![CDATA[New York (HedgeCo.net) &#8211; Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine&#8217;s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, growth and genuine innovation. &#8220;Northern Trust was recognized for the strength of its service offering [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted</title>
		<link>http://www.hedgeco.net/news/10/2009/galleon-wiretaps-rattle-hedge-funds-as-insider-trading-targeted.html</link>
		<comments>http://www.hedgeco.net/news/10/2009/galleon-wiretaps-rattle-hedge-funds-as-insider-trading-targeted.html#comments</comments>
		<pubDate>Mon, 26 Oct 2009 12:04:57 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bear market]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[insider trading]]></category>
		<category><![CDATA[rajaratnam]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12644</guid>
		<description><![CDATA[Bloomberg &#8211; First came the biggest bear market since the 1930s, then Bernard Madoff’s $65 billion Ponzi scheme and the threat of increased regulation. Now hedge funds have a new concern: getting caught on tape as the government expands its use of wiretaps to ferret out insider trading. Prosecutors, using secretly recorded phone conversations for [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Galleon ‘Not Good News’ for Hedge Funds, Coleman Says</title>
		<link>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html</link>
		<comments>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html#comments</comments>
		<pubDate>Wed, 21 Oct 2009 10:05:19 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[investment management association]]></category>
		<category><![CDATA[investor-confidence]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private-equity-funds]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12597</guid>
		<description><![CDATA[Bloomberg &#8211; The Galleon Group insider-trading investigation may sap investor confidence in the hedge-fund industry, already under scrutiny after Bernard Madoff’s Ponzi scheme, said Michael Coleman, chairman of the Singapore chapter of the Alternative Investment Management Association. “It’s obviously not good news for the hedge-fund industry from the top level, but it seems to be [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/10/2009/galleon-%e2%80%98not-good-news%e2%80%99-for-hedge-funds-coleman-says.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Madoff Brother, Sons Sued by Trustee for $199 Million</title>
		<link>http://www.hedgeco.net/news/10/2009/madoff-brother-sons-sued-by-trustee-for-199-million.html</link>
		<comments>http://www.hedgeco.net/news/10/2009/madoff-brother-sons-sued-by-trustee-for-199-million.html#comments</comments>
		<pubDate>Mon, 05 Oct 2009 12:03:42 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bankruptcy-court]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[investment-firm]]></category>
		<category><![CDATA[personal bank]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12331</guid>
		<description><![CDATA[Bloomberg &#8211; Bernard Madoff’s brother, sons and niece were sued by a liquidator over claims they spent $198.7 million of victims’ money and treated the con man’s investment firm as their personal bank. The lawsuit against the brother, Peter Madoff, sons Andrew and Mark Madoff and niece Shana Madoff Swanson, all of whom held positions [...]]]></description>
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		</item>
		<item>
		<title>Geneva Funds See Inflows for First Time Since Madoff</title>
		<link>http://www.hedgeco.net/news/09/2009/geneva-funds-see-inflows-for-first-time-since-madoff.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/geneva-funds-see-inflows-for-first-time-since-madoff.html#comments</comments>
		<pubDate>Tue, 29 Sep 2009 15:39:14 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[eurekahedge]]></category>
		<category><![CDATA[funds of hedge funds]]></category>
		<category><![CDATA[ponzi scheme]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=12217</guid>
		<description><![CDATA[Bloomberg &#8211; Geneva’s funds of hedge funds saw client inflows for the first time in 11 months in August, halting a slump that accelerated after losses related to Bernard Madoff’s Ponzi scheme. Net inflows were $30 million, after withdrawals of $2 billion in July, according to data compiled for Bloomberg News by Singapore-based Eurekahedge Pte. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Agile clients sue over frozen accounts</title>
		<link>http://www.hedgeco.net/news/09/2009/agile-clients-sue-over-frozen-accounts.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/agile-clients-sue-over-frozen-accounts.html#comments</comments>
		<pubDate>Tue, 15 Sep 2009 08:38:00 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[retirement nest eggs]]></category>
		<category><![CDATA[safety fund]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11874</guid>
		<description><![CDATA[The Denver Post &#8211; The plaintiffs allege Agile inappropriately placed their funds into a high- risk, unsuitable investment called the Agile Safety Variable Fund, which destroyed their retirement nest eggs. The Safety Fund, despite its name, was a leveraged hedge fund that had invested 85 percent of its money into fraudulent funds run by Thomas [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/09/2009/agile-clients-sue-over-frozen-accounts.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Edinburgh Hedge Funds Feel Madoff Effect as Clients Get Pickier</title>
		<link>http://www.hedgeco.net/news/09/2009/edinburgh-hedge-funds-feel-madoff-effect-as-clients-get-pickier.html</link>
		<comments>http://www.hedgeco.net/news/09/2009/edinburgh-hedge-funds-feel-madoff-effect-as-clients-get-pickier.html#comments</comments>
		<pubDate>Thu, 03 Sep 2009 11:52:28 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[edinburgh]]></category>
		<category><![CDATA[ponzi scheme]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11679</guid>
		<description><![CDATA[Bloomberg &#8211; Hedge funds in Edinburgh say they escaped any direct losses from Bernard Madoff’s Ponzi scheme. That doesn’t mean they’re not living with his legacy. Clients are demanding more disclosure, quicker access to their money and individual, rather than pooled, accounts after Madoff hurt the loosely regulated business, according to managers in the Scottish [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>UBP to Cut 10% of Workforce This Year as Client Assets Decline</title>
		<link>http://www.hedgeco.net/news/08/2009/ubp-to-cut-10-of-workforce-this-year-as-client-assets-decline.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/ubp-to-cut-10-of-workforce-this-year-as-client-assets-decline.html#comments</comments>
		<pubDate>Wed, 26 Aug 2009 12:28:21 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[client assets]]></category>
		<category><![CDATA[fund-investor]]></category>
		<category><![CDATA[geneva]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[koechlin]]></category>
		<category><![CDATA[union bancaire privee]]></category>

		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11372</guid>
		<description><![CDATA[Bloomberg &#8211; Union Bancaire Privee, the Swiss hedge-fund investor whose clients lost about $700 million with Bernard Madoff, plans to cut 10 percent of its workforce this year after assets under management declined. “UBP should reduce its staff by 10 percent over the course of the year, from a headcount of 1,372 at the end [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Madoff trustee says Cayman and Bermuda funds ignored lawsuits</title>
		<link>http://www.hedgeco.net/news/08/2009/madoff-trustee-says-cayman-and-bermuda-funds-ignored-lawsuits.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/madoff-trustee-says-cayman-and-bermuda-funds-ignored-lawsuits.html#comments</comments>
		<pubDate>Fri, 21 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[alpha prime]]></category>
		<category><![CDATA[bermuda]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[caribbean]]></category>
		<category><![CDATA[cayman islands]]></category>
		<category><![CDATA[damages]]></category>
		<category><![CDATA[default notices]]></category>
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		<category><![CDATA[us bankruptcy court]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&#8217;s business told a judge that two Cayman Islands and Bermuda hedge-fund firms accused of profiting from the fraud are ignoring his lawsuits seeking a total of $230.7 million in damages. Trustee Irving Picard on Wednesday asked the US Bankruptcy Court in Manhattan to file default notices [...]]]></description>
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		</item>
		<item>
		<title>Madoff aide to plead guilty in Ponzi scheme</title>
		<link>http://www.hedgeco.net/news/08/2009/madoff-aide-to-plead-guilty-in-ponzi-scheme.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/madoff-aide-to-plead-guilty-in-ponzi-scheme.html#comments</comments>
		<pubDate>Tue, 11 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[17th floor]]></category>
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		<category><![CDATA[cooperation]]></category>
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		<category><![CDATA[top lieutenant]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Newsday &#8211; Bernard Madoff&#8217;s top lieutenant in his Ponzi scheme is scheduled to plead guilty Tuesday to federal charges in what many legal observers believe is a cooperation deal that could lead to trouble for some major hedge fund operators. Frank DiPascali Jr., 52, of Bridgewater, N.J., had been a key Madoff aide, working in [...]]]></description>
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		</item>
		<item>
		<title>Madoff victims sue his family for $45m</title>
		<link>http://www.hedgeco.net/news/07/2009/madoff-victims-sue-his-family-for-45m.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/madoff-victims-sue-his-family-for-45m.html#comments</comments>
		<pubDate>Thu, 30 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[citywire]]></category>
		<category><![CDATA[family members]]></category>
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		<category><![CDATA[nbsp]]></category>
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		<category><![CDATA[wife ruth]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[CityWire.co.uk &#8211; Bernard Madoff&#8217;s wife Ruth is being sued for $44.8 million (&#8364;31.9 million) by the trustee for the victims of his&#160;$50 billion Ponzi scheme. Court-appointed trustee Irving Picard is the first person to take action against Madoff&#8217;s family members, all of whom have denied knowledge of the scam. Picard&#8217;s lawsuit states: &#8216;Regardless of whether [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff</title>
		<link>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html#comments</comments>
		<pubDate>Fri, 24 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1960s]]></category>
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		<category><![CDATA[banks]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<description><![CDATA[Bloomberg &#8211; Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff&#8217;s Ponzi scheme cut assets by 72 percent. The assets of funds of funds managed from Geneva slumped to $15 billion in May from $54.2 billion at [...]]]></description>
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		</item>
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		<title>Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff</title>
		<link>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/geneva-funds-of-funds-slump-as-banks-struggle-to-nullify-madoff.html#comments</comments>
		<pubDate>Thu, 23 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Bloomberg &#8211; Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff&#8217;s Ponzi scheme cut assets by 72 percent. The assets of funds of funds managed from Geneva slumped to $15 billion in May from $54.2 billion at [...]]]></description>
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		<title>Madoff trustee in settlement talks with Bermuda fund manager</title>
		<link>http://www.hedgeco.net/news/07/2009/madoff-trustee-in-settlement-talks-with-bermuda-fund-manager.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/madoff-trustee-in-settlement-talks-with-bermuda-fund-manager.html#comments</comments>
		<pubDate>Wed, 22 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<category><![CDATA[trustee]]></category>

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		<description><![CDATA[Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&#8217;s business told a judge he is in settlement talks with three Fairfield Greenwich Group hedge funds accused of taking $3.54 billion in fake profit from the conman&#8217;s fraud. Trustee Irving Picard said he&#8217;s in similar talks with two funds run by Bermuda-based Kingate Management Ltd., accused [...]]]></description>
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		</item>
		<item>
		<title>Lawyer Marc Dreier sentenced to 20 years in prison for $700M hedge fund swindle</title>
		<link>http://www.hedgeco.net/news/07/2009/lawyer-marc-dreier-sentenced-to-20-years-in-prison-for-700m-hedge-fund-swindle.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/lawyer-marc-dreier-sentenced-to-20-years-in-prison-for-700m-hedge-fund-swindle.html#comments</comments>
		<pubDate>Tue, 14 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[dreier]]></category>
		<category><![CDATA[federal judge]]></category>
		<category><![CDATA[jed]]></category>
		<category><![CDATA[judge denny chin]]></category>
		<category><![CDATA[lawyer]]></category>
		<category><![CDATA[manhattan]]></category>
		<category><![CDATA[nbsp]]></category>
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		<category><![CDATA[york daily news]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[New York Daily News &#8211; Park Avenue&#160;lawyer Marc Dreier was sentenced to 20 years in prison Monday by a judge who scolded prosecutors for wanting to jail him for as long as Ponzi swindler Bernard Madoff. &#34;Is the government serious about asking for 145 years?&#34; Manhattan Federal Judge Jed Rakoff asked. &#34;To me, for the [...]]]></description>
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		<item>
		<title>Experts respond to SEC proposals</title>
		<link>http://www.hedgeco.net/news/07/2009/experts-respond-to-sec-proposals.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/experts-respond-to-sec-proposals.html#comments</comments>
		<pubDate>Tue, 07 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[cayman-islands-monetary-authority]]></category>
		<category><![CDATA[cima]]></category>
		<category><![CDATA[dms management]]></category>
		<category><![CDATA[don seymour]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[inspector general]]></category>
		<category><![CDATA[investment services division]]></category>
		<category><![CDATA[investment-advisors]]></category>
		<category><![CDATA[management-ltd]]></category>
		<category><![CDATA[managing director]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[private investment funds]]></category>
		<category><![CDATA[private nature]]></category>
		<category><![CDATA[s 65]]></category>
		<category><![CDATA[securities-and-exchange-commission]]></category>
		<category><![CDATA[stark-contrast]]></category>
		<category><![CDATA[systemic risks]]></category>
		<category><![CDATA[worth consideration]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Caymen Net News &#8211; Local hedge fund experts have reacted favourably to last week&#8217;s proposals by the Inspector General of the US Securities and Exchange Commission (SEC) to increase fund regulation. The SEC has proposed that regulation of hedge funds and other investment advisors should be tightened in the wake of the SEC&#8217;s failure to [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Facing suits, Merkin sells art trove</title>
		<link>http://www.hedgeco.net/news/07/2009/facing-suits-merkin-sells-art-trove.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/facing-suits-merkin-sells-art-trove.html#comments</comments>
		<pubDate>Wed, 01 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[abstract expressionist]]></category>
		<category><![CDATA[alberto giacometti]]></category>
		<category><![CDATA[art collection]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[boston globe]]></category>
		<category><![CDATA[ezra]]></category>
		<category><![CDATA[financier]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[gmac financial services]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[impressive collection]]></category>
		<category><![CDATA[lawsuits]]></category>
		<category><![CDATA[mark rothko]]></category>
		<category><![CDATA[merkin]]></category>
		<category><![CDATA[paintings]]></category>
		<category><![CDATA[sculptures]]></category>
		<category><![CDATA[trove]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Boston Globe &#8211; It&#8217;s been a bad few months for New York financier J. Ezra Merkin. First, his hedge funds lost $2.4 billion in the Bernard Madoff swindle. Then, he lost his post as chairman of GMAC Financial Services. Now, he&#8217;s parting with his prized art collection. Bombarded by lawsuits accusing him of fraud, Merkin [...]]]></description>
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		<item>
		<title>Madoff gets 150 years for massive fraud</title>
		<link>http://www.hedgeco.net/news/06/2009/madoff-gets-150-years-for-massive-fraud.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/madoff-gets-150-years-for-massive-fraud.html#comments</comments>
		<pubDate>Tue, 30 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[courtroom]]></category>
		<category><![CDATA[crimes]]></category>
		<category><![CDATA[investment fraud]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[maximum penalty]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[wall street]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters &#8211; Bernard Madoff was sentenced on Monday to 150 years in prison &#8212; the maximum penalty the judge could give him for &#34;extraordinarily evil&#34; crimes in Wall Street&#8217;s biggest and most brazen investment fraud. Fleeced investors in the courtroom cheered and applauded as the judge handed down the penalty. Madoff, 71, stood passively with [...]]]></description>
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		<item>
		<title>Stock futures flat ahead of Madoff sentencing</title>
		<link>http://www.hedgeco.net/news/06/2009/stock-futures-flat-ahead-of-madoff-sentencing.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/stock-futures-flat-ahead-of-madoff-sentencing.html#comments</comments>
		<pubDate>Mon, 29 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[amp]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[calendars]]></category>
		<category><![CDATA[corporate-earnings]]></category>
		<category><![CDATA[court-hearing]]></category>
		<category><![CDATA[district judge]]></category>
		<category><![CDATA[dow jones futures]]></category>
		<category><![CDATA[dow-jones]]></category>
		<category><![CDATA[economic data]]></category>
		<category><![CDATA[equity indexes]]></category>
		<category><![CDATA[judge denny chin]]></category>
		<category><![CDATA[legal observers]]></category>
		<category><![CDATA[monday-morning]]></category>
		<category><![CDATA[nasdaq futures]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[swindler]]></category>
		<category><![CDATA[wall street]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters &#8211; Dow Jones futures dipped 0.1 percent, S&#38;P 500 futures were down 0.01 percent while Nasdaq futures traded 0.02 percent higher on Monday morning at 4:45 a.m. EDT, pointing to a flat opening for Wall Street&#8217;s main equity indexes. With corporate earnings and economic data calendars virtually void of potentially market-moving events, the focus [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Madoff asks for 12 years for Ponzi conviction</title>
		<link>http://www.hedgeco.net/news/06/2009/madoff-asks-for-12-years-for-ponzi-conviction.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/madoff-asks-for-12-years-for-ponzi-conviction.html#comments</comments>
		<pubDate>Wed, 24 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[13 years]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[decades]]></category>
		<category><![CDATA[denver post]]></category>
		<category><![CDATA[deterrence]]></category>
		<category><![CDATA[district judge]]></category>
		<category><![CDATA[federal judge]]></category>
		<category><![CDATA[ira]]></category>
		<category><![CDATA[judge denny chin]]></category>
		<category><![CDATA[lawyer]]></category>
		<category><![CDATA[life expectancy]]></category>
		<category><![CDATA[life sentence]]></category>
		<category><![CDATA[mdash]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[prison-term]]></category>
		<category><![CDATA[protecting the public]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Denver Post &#8211; Bernard Madoff asked a federal judge this week to sentence him to as little as 12 years in prison after he pleaded guilty earlier this year to operating a massive, decades- long Ponzi scheme. In a letter filed late Monday and made public Tuesday, Ira Sorkin, a lawyer for Madoff, asked U.S. [...]]]></description>
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		<title>Fairfield Sentry sues hedge fund over Madoff fees</title>
		<link>http://www.hedgeco.net/news/06/2009/fairfield-sentry-sues-hedge-fund-over-madoff-fees.html</link>
		<comments>http://www.hedgeco.net/news/06/2009/fairfield-sentry-sues-hedge-fund-over-madoff-fees.html#comments</comments>
		<pubDate>Tue, 02 Jun 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[asset-value]]></category>
		<category><![CDATA[assets-under-management]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[british virgin islands]]></category>
		<category><![CDATA[fairfield greenwich group]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[greenwich time]]></category>
		<category><![CDATA[greenwich-resident]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[investment-management]]></category>
		<category><![CDATA[investment-securities]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[manhattan]]></category>
		<category><![CDATA[net asset]]></category>
		<category><![CDATA[new-york-state]]></category>
		<category><![CDATA[performance-fees]]></category>
		<category><![CDATA[sentry]]></category>
		<category><![CDATA[state supreme court]]></category>
		<category><![CDATA[walter noel]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Greenwich Time &#8211; Fairfield Sentry Ltd., seeking to recover more than $919 million in fees related to investments involving Bernard Madoff, sued the Fairfield Greenwich Group hedge fund that lost $7 billion in Madoff&#8217;s fraud. Fairfield Sentry, based in the British Virgin Islands, said in a complaint filed May 29 in New York State Supreme [...]]]></description>
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		</item>
		<item>
		<title>Spanish bank to repay $235M it withdrew from Madoff scheme</title>
		<link>http://www.hedgeco.net/news/05/2009/spanish-bank-to-repay-235m-it-withdrew-from-madoff-scheme.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/spanish-bank-to-repay-235m-it-withdrew-from-madoff-scheme.html#comments</comments>
		<pubDate>Wed, 27 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[100-million]]></category>
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		<category><![CDATA[assets]]></category>
		<category><![CDATA[banco santander]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[court approval]]></category>
		<category><![CDATA[federal bankruptcy court]]></category>
		<category><![CDATA[fraction]]></category>
		<category><![CDATA[fund-investment]]></category>
		<category><![CDATA[giant]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[investment subsidiary]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[picard]]></category>
		<category><![CDATA[ponzi scheme]]></category>
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		<category><![CDATA[trustee]]></category>
		<category><![CDATA[usa today]]></category>

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		<description><![CDATA[USA Today &#8211; A Spanish banking giant that channeled $3 billion of its clients&#8217; funds to Bernard Madoff has agreed to repay more than $235 million it withdrew from the confessed Ponzi scheme architect in the months before the scam collapsed in December. Pending federal bankruptcy court approval, the deal announced Tuesday by a hedge [...]]]></description>
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		</item>
		<item>
		<title>Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny</title>
		<link>http://www.hedgeco.net/news/05/2009/hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/hedge-fund-insurance-costs-rise-as-lehman-madoff-spur-scrutiny.html#comments</comments>
		<pubDate>Fri, 22 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[5-million]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[downturn]]></category>
		<category><![CDATA[group plc]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[insurance services ltd]]></category>
		<category><![CDATA[jardine lloyd thompson]]></category>
		<category><![CDATA[jardine lloyd thompson group]]></category>
		<category><![CDATA[lawsuits]]></category>
		<category><![CDATA[lehman brothers]]></category>
		<category><![CDATA[lehman-brothers-holdings]]></category>
		<category><![CDATA[lehman-brothers-holdings-inc]]></category>
		<category><![CDATA[miller insurance]]></category>
		<category><![CDATA[negligence]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[professional insurance]]></category>
		<category><![CDATA[professional risks]]></category>
		<category><![CDATA[rsquo]]></category>
		<category><![CDATA[six months]]></category>
		<category><![CDATA[towler]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg &#8211; The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.&#8217;s bankruptcy and Bernard Madoff&#8217;s Ponzi scheme increased the threat of lawsuits. A fund manager with $200 million of assets running a &#8220;straightforward&#8221; strategy is typically paying as much [...]]]></description>
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		</item>
		<item>
		<title>Man eyes switch to independent valuation</title>
		<link>http://www.hedgeco.net/news/05/2009/man-eyes-switch-to-independent-valuation.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/man-eyes-switch-to-independent-valuation.html#comments</comments>
		<pubDate>Wed, 20 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[constituent]]></category>
		<category><![CDATA[financier]]></category>
		<category><![CDATA[flagship]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[futures funds]]></category>
		<category><![CDATA[futures markets]]></category>
		<category><![CDATA[global futures]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[independent administration]]></category>
		<category><![CDATA[independent-valuation]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[man-group]]></category>
		<category><![CDATA[mixture]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[third-party]]></category>
		<category><![CDATA[value markets]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters &#8211; Man Group, the world&#8217;s largest listed hedge fund firm, is likely to extend the independent valuation of its flagship AHL strategy to calm investors spooked by Madoff, sources familiar with the matter said. AHL, a $25 billion (16 billion pounds) family of managed futures funds which bet on trends in global futures markets, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fairfield Hedge Funds Sued by Madoff Trustee</title>
		<link>http://www.hedgeco.net/news/05/2009/fairfield-hedge-funds-sued-by-madoff-trustee.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/fairfield-hedge-funds-sued-by-madoff-trustee.html#comments</comments>
		<pubDate>Wed, 20 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[advisory business]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[decades]]></category>
		<category><![CDATA[fairfield greenwich group]]></category>
		<category><![CDATA[fraction]]></category>
		<category><![CDATA[fraud]]></category>
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		<category><![CDATA[investment-securities]]></category>
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		<category><![CDATA[last-november]]></category>
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		<category><![CDATA[nasdaq stock exchange]]></category>
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		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[rsquo]]></category>
		<category><![CDATA[sentry partners]]></category>
		<category><![CDATA[trustee]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Newsinferno.com &#8211; Bernard Madoff trustee, Irving Picard, has sued three Fairfield Greenwich Group hedge funds&#8212;Fairfield Sentry Ltd., Greenwich Sentry LP, and Greenwich Sentry Partners LP&#8212;in a clawback suit that seeks the return of $3.54 billion to repay victims of Madoff&#8217;s historic Ponzi scheme, said Bloomberg News. Madoff pleaded guilty to 11 fraud counts on March [...]]]></description>
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		</item>
		<item>
		<title>Man linked to Madoff to yield control of funds</title>
		<link>http://www.hedgeco.net/news/05/2009/man-linked-to-madoff-to-yield-control-of-funds.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/man-linked-to-madoff-to-yield-control-of-funds.html#comments</comments>
		<pubDate>Wed, 20 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[attorney general]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[billions of dollars]]></category>
		<category><![CDATA[civil fraud]]></category>
		<category><![CDATA[denver post]]></category>
		<category><![CDATA[ezra]]></category>
		<category><![CDATA[fraud lawsuit]]></category>
		<category><![CDATA[hedge-fund-manager]]></category>
		<category><![CDATA[merkin]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[swindler]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Denver Post &#8211; J. Ezra Merkin, a hedge-fund manager who invested billions of dollars of clients&#8217; money with swindler Bernard Madoff, has agreed to relinquish control of his funds to court-appointed trustees. The attorney general&#8217;s office had requested the move in connection with its civil fraud lawsuit accusing Merkin of convincing clients he was managing [...]]]></description>
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		</item>
		<item>
		<title>Trustee sues Fairfield Greenwich funds for $3.54b</title>
		<link>http://www.hedgeco.net/news/05/2009/trustee-sues-fairfield-greenwich-funds-for-354b.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/trustee-sues-fairfield-greenwich-funds-for-354b.html#comments</comments>
		<pubDate>Tue, 19 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<guid isPermaLink="false"></guid>
		<description><![CDATA[Boston Globe &#8211; The trustee liquidating Bernard Madoff&#8217;s defunct money-management firm sued three Fairfield Greenwich Group hedge funds, seeking the return of $3.54 billion withdrawn before Madoff&#8217;s massive fraud unraveled. The trustee, Irving Picard, filed the so-called clawback lawsuit yesterday in federal court in Manhattan, seeking damages that would be used to repay victims of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hunt for Madoff money to drag on for years</title>
		<link>http://www.hedgeco.net/news/05/2009/hunt-for-madoff-money-to-drag-on-for-years.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/hunt-for-madoff-money-to-drag-on-for-years.html#comments</comments>
		<pubDate>Mon, 18 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1-billion]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[client-accounts]]></category>
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		<category><![CDATA[drag on]]></category>
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		<category><![CDATA[reuters]]></category>
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		<category><![CDATA[wall street]]></category>
		<category><![CDATA[worldwide hunt]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters UK &#8211; Five months after Bernard Madoff&#8217;s massive fraud was revealed, little of his victims&#8217; money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, the court-appointed trustee sorting through Wall Street&#8217;s biggest investment fraud has located only about $1 [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses</title>
		<link>http://www.hedgeco.net/news/05/2009/aozora-posts-2426-billion-yen-loss-on-gmac-hedge-fund-losses.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/aozora-posts-2426-billion-yen-loss-on-gmac-hedge-fund-losses.html#comments</comments>
		<pubDate>Fri, 15 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1990s]]></category>
		<category><![CDATA[aozora bank ltd]]></category>
		<category><![CDATA[auto financing]]></category>
		<category><![CDATA[banking crisis]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[cerberus capital management]]></category>
		<category><![CDATA[cerberus-capital-management-lp]]></category>
		<category><![CDATA[chief executive officer]]></category>
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		<description><![CDATA[Bloomberg &#8211; Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 billion) deficit in the year ended March 31, compared with a profit of 5.93 billion [...]]]></description>
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		</item>
		<item>
		<title>Trustee pursues Cayman Islands hedge fund</title>
		<link>http://www.hedgeco.net/news/05/2009/trustee-pursues-cayman-islands-hedge-fund.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/trustee-pursues-cayman-islands-hedge-fund.html#comments</comments>
		<pubDate>Wed, 13 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1-billion]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[caribbean]]></category>
		<category><![CDATA[cayman islands]]></category>
		<category><![CDATA[global search]]></category>
		<category><![CDATA[harley]]></category>
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		<category><![CDATA[international-ltd]]></category>
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		<description><![CDATA[Caribbean Net News &#8211; Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund. The lawsuit on Tuesday by trustee Irving Picard, who is spearheading a global search to return money to [...]]]></description>
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		<item>
		<title>Another Madoff linked hedge fund sued</title>
		<link>http://www.hedgeco.net/news/05/2009/another-madoff-linked-hedge-fund-sued.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/another-madoff-linked-hedge-fund-sued.html#comments</comments>
		<pubDate>Wed, 13 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[assets]]></category>
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		<category><![CDATA[liquidation]]></category>
		<category><![CDATA[manhattan]]></category>
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		<description><![CDATA[NineMSN &#8211; The trustee overseeing the liquidation of disgraced financier Bernard Madoff&#8217;s assets sued another investment fund on Tuesday, claiming it owes Madoff&#8217;s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy court alleges Harley International Ltd knew or should have known that the fortune came out [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fairfield Greenwich Accuses Regulator of Madoff-Case Distortion</title>
		<link>http://www.hedgeco.net/news/04/2009/fairfield-greenwich-accuses-regulator-of-madoff-case-distortion.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/fairfield-greenwich-accuses-regulator-of-madoff-case-distortion.html#comments</comments>
		<pubDate>Thu, 30 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[administrative complaint]]></category>
		<category><![CDATA[april 1]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[distortions]]></category>
		<category><![CDATA[fairfield greenwich group]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[massachusetts-secretary-of-the-commonwealth]]></category>
		<category><![CDATA[secretary-of-the-commonwealth]]></category>
		<category><![CDATA[william-galvin]]></category>

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		<description><![CDATA[Bloomberg &#8211; Fairfield Greenwich Group, the hedge fund that lost $7 billion invested with Bernard Madoff, accused a Massachusetts regulator of &#8220;factual distortions&#8221; and told a judge that it closely monitored its investment. The firm said yesterday it filed court papers challenging an April 1 administrative complaint by Massachusetts Secretary of the Commonwealth William Galvin, [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/04/2009/fairfield-greenwich-accuses-regulator-of-madoff-case-distortion.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Demand for Hedge Fund Separate Accounts &#8216;a Knee-Jerk Reaction&#8217;</title>
		<link>http://www.hedgeco.net/news/04/2009/demand-for-hedge-fund-separate-accounts-a-knee-jerk-reaction.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/demand-for-hedge-fund-separate-accounts-a-knee-jerk-reaction.html#comments</comments>
		<pubDate>Fri, 24 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[capital outflow]]></category>
		<category><![CDATA[conviction]]></category>
		<category><![CDATA[deutsche bank]]></category>
		<category><![CDATA[deutsche bank ag]]></category>
		<category><![CDATA[financier]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[fund investors]]></category>
		<category><![CDATA[hedge-fund-research]]></category>
		<category><![CDATA[hong kong]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[overreaction]]></category>
		<category><![CDATA[participants]]></category>
		<category><![CDATA[ponzi scheme]]></category>
		<category><![CDATA[redemptions]]></category>
		<category><![CDATA[trades]]></category>

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		<description><![CDATA[Bloomberg &#8211; Hedge fund investors&#8217; growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, see trades and get out when they want, instead of the traditional way of pooling [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unions say they lost $1B</title>
		<link>http://www.hedgeco.net/news/04/2009/unions-say-they-lost-1b.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/unions-say-they-lost-1b.html#comments</comments>
		<pubDate>Tue, 21 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1-billion]]></category>
		<category><![CDATA[adviser]]></category>
		<category><![CDATA[albany times union]]></category>
		<category><![CDATA[benefit funds]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[class action lawsuit]]></category>
		<category><![CDATA[investment manager]]></category>
		<category><![CDATA[investment-securities]]></category>
		<category><![CDATA[jeanneret]]></category>
		<category><![CDATA[pension money]]></category>
		<category><![CDATA[syracuse]]></category>
		<category><![CDATA[times-union]]></category>
		<category><![CDATA[unions]]></category>
		<category><![CDATA[white-plains]]></category>

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		<description><![CDATA[Albany Times Union &#8211; A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities LLC. Now, the unions have filed a class-action lawsuit against the adviser, Syracuse-based J.P. Jeanneret Associates Inc. and against White Plains-based Beacon [...]]]></description>
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		<title>Bay State firm is sued in Madoff scandal</title>
		<link>http://www.hedgeco.net/news/04/2009/bay-state-firm-is-sued-in-madoff-scandal.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/bay-state-firm-is-sued-in-madoff-scandal.html#comments</comments>
		<pubDate>Mon, 20 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[globe investors]]></category>
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		<category><![CDATA[insurance]]></category>
		<category><![CDATA[insurance company]]></category>
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		<category><![CDATA[massachusetts mutual life insurance]]></category>
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		<category><![CDATA[mutual-life-insurance]]></category>
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		<description><![CDATA[Boston Globe &#8211; Investors of disgraced financier Bernard Madoff have filed 18 lawsuits against Massachusetts Mutual Life Insurance Co. in an effort to recoup $3.3 billion that its hedge fund group lost in the scandal. But the Springfield insurer is trying to distance itself from the ordeal and says it has no liability in the [...]]]></description>
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		</item>
		<item>
		<title>Unions sue hedge funds over money lost by Madoff</title>
		<link>http://www.hedgeco.net/news/04/2009/unions-sue-hedge-funds-over-money-lost-by-madoff.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/unions-sue-hedge-funds-over-money-lost-by-madoff.html#comments</comments>
		<pubDate>Fri, 17 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
		<category><![CDATA[keycorp]]></category>
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		<category><![CDATA[victory capital management]]></category>

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		<description><![CDATA[Las Vegas Sun &#8211; Two Las Vegas unions claim to have lost almost $2 million in retirement funds to the Bernard Madoff Ponzi scheme, and have sued the hedge fund in which they had invested that money. The unions &#8212; Laborers Union Local 872 and Plumbers and Pipefitters Local 525 &#8212; sued Austin Management Capital [...]]]></description>
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		<title>MassMutual hedge fund sued in loss</title>
		<link>http://www.hedgeco.net/news/04/2009/massmutual-hedge-fund-sued-in-loss.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/massmutual-hedge-fund-sued-in-loss.html#comments</comments>
		<pubDate>Thu, 16 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<description><![CDATA[Boston Globe &#8211; A Boston law firm has filed a class-action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance Co. for placing all of the fund&#8217;s assets with Bernard Madoff, who is facing life in prison for conducting a massive fraud. The lead plaintiff is Lawrence J. Rothschild, a Needham businessman who [...]]]></description>
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		<item>
		<title>Former chairman of GM financial arm charged in Madoff-related fraud</title>
		<link>http://www.hedgeco.net/news/04/2009/former-chairman-of-gm-financial-arm-charged-in-madoff-related-fraud.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/former-chairman-of-gm-financial-arm-charged-in-madoff-related-fraud.html#comments</comments>
		<pubDate>Thu, 09 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[attorney-general-andrew-cuomo]]></category>
		<category><![CDATA[bernard madoff]]></category>
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		<category><![CDATA[financial arm]]></category>
		<category><![CDATA[general-motors]]></category>
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		<category><![CDATA[new york state attorney general]]></category>
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		<category><![CDATA[york state attorney general andrew]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[WSWS &#8211; New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion by funneling their money, without their knowledge, to convicted Ponzi scheme operator Bernard Madoff. According [...]]]></description>
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		<item>
		<title>Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff</title>
		<link>http://www.hedgeco.net/news/04/2009/cuomo-sues-hedge-fund-chief-for-bets-placed-with-madoff.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/cuomo-sues-hedge-fund-chief-for-bets-placed-with-madoff.html#comments</comments>
		<pubDate>Tue, 07 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor&#8217;s money into funds managed by Bernard Madoff without their knowledge or consent. &#160; Cuomo alleges that the former GMAC Financing Chairman allocated about $2.4 billion [...]]]></description>
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		<title>Hedge fund industry still feeling Madoff effect</title>
		<link>http://www.hedgeco.net/news/03/2009/hedge-fund-industry-still-feeling-madoff-effect.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/hedge-fund-industry-still-feeling-madoff-effect.html#comments</comments>
		<pubDate>Fri, 27 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Private Equity]]></category>
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		<description><![CDATA[Reuters -&#160;Bernard Madoff is behind bars, but the effects of his fraud are still reverberating in the hedge fund industry, with more redemptions expected and investor confidence decimated. Traumatized investors are now more likely to closely monitor where their money is and who is managing it, hedge fund professionals said at the Reuters Private Equity [...]]]></description>
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