Tag Archives: 5-million


Schools re-evaluate after Madoff losses

January 21, 2009 : Permalink

The Brown Daily Herald – Several colleges and universities are sustaining large financial losses in the aftermath of Bernard Madoff’s $50 billion hedge fund scam. Madoff defrauded investors by using money collected from new investors to pay off existing ones […]

Geneva private bank tops fund of hedge funds table

September 18, 2008 : Permalink

Wealth Bulletin – Geneva-based Union Bancaire Privée emerged as the largest fund of hedge funds provider, replacing UBS Global Asset Management at the top, with $56.8bn, according to the InvestHedge Billion Dollar Club.  Funds of hedge funds showed the first […]

HSBC funds arms to rebrand

May 28, 2008 : Permalink

Reuters- More merger and acquisition activity among fund firms is likely as the industry faces up to a tough 2008, said Mark McCombe, head of HSBC’s asset management arm, which is to rebrand next month. McCombe, chief executive of what […]