Tag Archives: bernard madoff
Big Madoff Investors Targeted
Financial Times – The trustee charged with tracking down money for victims of Bernard Madoff’s alleged $50bn Ponzi scheme will target big investors – such as hedge funds – that pulled "substantial amounts" of "false profits" out of the broker’s […]
Absolute-Return Funds Promise the Holy Grail
Bloomberg – Gather round, children, to hear about the investments you’ve been waiting for. They suggest that you might get positive returns in any economic climate, regardless of whether stocks are going up or down. Wait — don’t run! It’s […]
Connecticut is Latest to Push for Increased Hedge Fund Legislation
New York (HedgeCo.Net) – Connecticut has long been a haven for the hedge fund industry; where light regulation and a dense population of ultra wealthy investors lure the most talented of hedge fund managers. But if some state lawmakers have […]
Madoff distortion makes some hedge funds look good
Reuters – One of the bizarre effects of Bernard Madoff’s alleged $50 billion fraud is that it has boosted the performance of one group of hedge funds when measured against their peers, industry insiders said. At least one major index, […]
Certain hedge funds ‘benefitting from Madoff’
DST International – One group of hedge funds has had its performance boosted in comparison to its peers as a result of the Bernard Madoff scandal, according to a number of industry insiders. Due to the failures of three large […]
Hedge fund head ‘cooperative’ in Madoff probe
Reuters – Hedge fund founder Ezra Merkin is being cooperative with New York state’s top legal officer in its investigation of three funds as part of the probe into accused swindler Bernard Madoff, officials said on Wednesday. New York Attorney […]
Madoff’s wife took out $15M from husband’s firm before his arrest
Grand Forks Herald – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband – including $10 million on the day their children turned her husband over to authorities for […]
Hedge fund manager may sell farm after being stung by Madoff
Reuters – Many gamblers have been forced to sell financial assets to cover bets on horses, but it is less common for a lover of thoroughbreds to sell a farm because of bad bets on investments. But that may be […]
Hedge Fund Honchos Burned in Scam Start Fire Sale
New York Post – The founders of a New York hedge fund at the center of the Bernard Madoff scandal have begun selling assets as their firm faces massive losses and a slew of lawsuits, sources told The Post. Walter […]
U.K.’s Prince Charles Targeted by Madoff Marketer, Witness Says
Bloomberg – Britain’s Prince Charles, among other royalty and wealthy Europeans, were targeted through Bernard Madoff’s use of high-profile recruiters, said whistleblower Harry Markopolos in documents given U.S. lawmakers. Prince Michael of Yugoslavia was an executive of a so- called […]
Lehman judge, James Peck, charged with hitting wife gets lawyer
New York Daily News – A federal judge charged with slapping his wife hired a big shot defense attorney as he faces a misdemeanor charge that could land him in the clink. James Peck, 63, the bankruptcy judge overseeing the […]
Hedge Fund Manager Defended by Madoff’s Lawyer Gets 40 Months
Bloomberg – A hedge fund manager who used the same defense lawyer as Bernard Madoff received a sentence that was a third of the maximum possible after he was convicted of defrauding investors out of $10 million. Vincent Montagna remains free […]
