{"id":10097,"date":"2009-03-13T00:00:00","date_gmt":"2009-03-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"high-flying-fundraisers-who-saw-nothing-wrong","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/high-flying-fundraisers-who-saw-nothing-wrong.html","title":{"rendered":"High-flying fundraisers who saw nothing wrong"},"content":{"rendered":"<p>Guardian Unlimited &#8211; Andres Piedrahita, a London-based fundraiser for Bernie Madoff&#8217;s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager.<\/p>\n<p>Piedrahita, who has homes in Belgravia, New York and Majorca, channelled billions of dollars from Europe into Madoff funds through so-called feeder fund Fairfield Greenwich, where he is a partner. Fairfield has emerged as the largest loser from the Madoff scandal, with potential losses of $7.5bn &#8211; more than half its assets under management. The company, founded and controlled by Piedrahita&#8217;s father-in-law Walter Noel, is based in New York but investors from Europe are believed to have provided 68% of managed assets.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.guardian.co.uk\/business\/2009\/mar\/13\/bernard-madoff-investing\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian Unlimited &#8211; Andres Piedrahita, a London-based fundraiser for Bernie Madoff&#8217;s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1007,4744,4807,9011,5309,9004,1434,9009,2070,37,4504,3364,9010,129,9008,9005,9006,4590,7181,9007],"class_list":["post-10097","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets-under-management","tag-bernie-madoff","tag-billions-of-dollars","tag-empire","tag-europe","tag-fairfield-greenwich","tag-feeder","tag-fundraiser","tag-guardian-unlimited","tag-hedge-fund-manager","tag-investors","tag-london","tag-loser","tag-losses","tag-majorca","tag-managed-assets","tag-piedrahita","tag-scandal","tag-walter-noel","tag-warning-signs"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10097"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10097\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}