Tag Archives: madoff


Judge Names Receiver in Madoff Feeder Fund Suit

Law.com – Goodwin Procter partner David B. Pitofsky was appointed Monday as receiver of the $1.7 billion Ascot fund put together by financier J. Ezra Merkin, almost all of which was invested with Bernard L. Madoff and lost. Justice Richard […]

Switzerland Investigates Santander

Wealth Bulletin – Geneva’s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA’s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff’s Ponzi scheme. The formal investigation was opened following […]

MassMutual unit told to return funds from Madoff

Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]

Fund firm behavior faces state scrutiny

Boston Globe – Secretary of State William F. Galvin is investigating Massachusetts Mutual Life Insurance Co.’s relationship with a hedge fund operation that lost $3.3 billion to admitted swindler Bernard L. Madoff. Galvin, who oversees the state Securities Division, said […]

Hedge fund firm Bramdean receives offer

Reuters – Nicola Horlick’s boutique fund manager Bramdean Alternatives said on Thursday it has received an approach for a possible takeover by an unnamed bidder. The manager said in a statement: "The Board announces that it has received an approach […]

Funds Tied to Madoff in Legal Vise

Gainesville Sun – As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits […]

Pension fund fires 2 money managers

Boston Globe – The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff. Austin Capital Management, which had managed $170 million in state […]

Hedge Funds Challenges in a Changing World

Al-Bawaba – Never before in its short history was the hedge funds community confronted with the challenges nor the pressures it is facing today, following a six-year boom,with Madoff’s scandal coming as the icing on the cake following the US […]

Hedge funds bet on regulations

The Washington Times – Hedge-fund managers say Bernard L. Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry. Mr. Madoff’s purported bilking of investors by up to $50 billion begins to uncover a part of […]

Kevin Bacon, Kyra Sedgwick among Madoff victims

Globe Gazette – Kevin Bacon and wife Kyra Sedgwick are among the many victims of the massive Ponzi scheme run by the disgraced New York money manager. Bacon’s publicist, Allen Eichhorn, confirmed Tuesday that the couple had investments with Madoff. […]

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