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The number of victims from Bernard Madoff’s alleged Ponzi scheme continues to grow. A list with thousands of names of clients who invested money with Mr. Madoff was released as part of a bankruptcy-court filing. 5 billion was connected to Madoff. The loss is more than half of all assets overseen by Tremont.
Santander is offering its private banking clients 1. 38 billion euros in compensation for Madoff-related losses. The offer doesn’t apply to institutional investors. Santander customers Mar Octava Limitada and Marcelo Guillermo Testa filed a class-action lawsuit in a U. Hedge funds run by the bank had almost all their money invested with Madoff. A hedge fund founded by billionaire investor, philanthropist and GMAC chief J.
8 billion under management as of Sept. 30, had substantially all of its assets invested with Mr. Austria’s government named Gerhard Altenberger to manage the bank, but won’t supply it with funds. The investment-advisory firm’s co-founder Thierry Magon de La Villehuchet, 65, was found dead in his Manhattan office on Dec. 24, 2008, in an apparent suicide. 50 million, the bulk of his personal wealth.
Fortis Bank and its subsidiaries have no direct exposure to Bernard Madoff Investment Securities LLC, but parts of the group do have a risk exposure to certain funds it provides collateralized lending to. EUR 850 million to EUR 1 billion. Half of UBP’s 22 funds of funds put at least some of their money into Madoff-related investment vehicles, including one run by J. 1 billion of assets in Madoff-related funds. One fund of funds had as much as 6. The bank had most recently met with Madoff Nov.
25 as part of an ongoing vetting process. Madoff, but the company doesn’t believe these arrangements should be a source of exposure to the group. Exposure is about 450 million euros. The founder and former chairman of apparel company Kay Windsor Inc.
Shapiro, a widely respected philanthropist, was one of Mr. The bank had exposure of about 400 million pounds to Madoff through trading, collateralized lending. The company reiterated it doesn’t have direct exposure to Madoff but would face losses of 300 million euros if Madoff funds were found not to exist. IInvested in funds directly and indirectly sub-advised by Madoff Securities and for which Madoff acts as broker-dealer. RMF fund-of-funds business’s funds under management and 0.
Man Group itself, according to a Dec. Man Group is considering taking legal action to recover some of its investments. The Lucerne-based private bank warned investors that around 385 million Swiss francs, or 3. Nomura originally said it had 27. 5 billion yen in exposure on Dec.
280 million on funds they had invested. Exposure is well below 100 million euros. The company’s total exposure is about 75 million euros. The amount of exposure is about 48 million euros. A Swiss private bank owned by St. 100 million is exposed through clients who chose to invest in Madoff funds.