12 articles found within the last year.
Displaying results 1 - 12
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Despite warnings on Madoff, no thorough SEC probe done
The watchdog of the US Securities and Exchange ... SEC inspector general David Kotz said SEC staff ... However, he found no evidence that the SEC ... SEC chairman Mary Schapiro said in a statement ... She added that the SEC would release the ... Madoff confessed his multi-billion-dollar scheme to authorities in...
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Another Ponzi Scheme–With Yachts
Ponzi schemes have come in many flavors this ... Yet the most outrageous–if not the largest–Ponzi scheme ... According to local news reports, an Orange County ... “There are several aspects to it,” the sheriff’s ... Investors say they were lured by “boat deals.”...
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Practice management: Advisers Try Scaring Clients Into Staying
Financial advisers scared about losing clients are using ... Shannon Eusey, president of Beacon Pointe Advisors in ... "It caused him to pause," Eusey says. Eusey ... Bad-mouthing the competition is not exactly a new ... Advisers are understandably anxious to hang on to...
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Pictet navigates a safe course through the credit crunch
For all the bailouts and bank collapses, last ... As a private, unlimited liability partnership, the bank ... Unlimited liability partnerships might not be transparent, but ... There are benefi ts to being able to ... There have also been suggestions much of the ... It seems Pictet negotiated the crisis well. It...
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US government seeks to move Madoff to jail
The US government has asked a New York ... The government's petition in the US yesterday stated ... He is alleged to have told his sons ... The US government said Madoff allegedly mailing family ... "The defendant has admitted to perpetrating one of ... The petition said there remained the potential for...
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Funds of funds take drastic steps to cope with Madoff
Funds of hedge funds entangled in products managed ... Nicola Horlick, manager of fund of funds Bramdean ... Bramdean had about 9.5% of its assets in ... Separately another feeder fund into Madoff, Fairfield Sentry, ... Investors have initiated a class action in New ... Another US fund which invested money with Madoff...
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Swiss bank UBP takes US hedge funds to task
Swiss bank Union Bancaire Privée, which faces hefty ... The effort by Union Bancaire Privée, or UBP, ... The list of managers UBP plans to withdraw ... The Madoff case has rattled many investors, and ... Administrators perform day-to-day duties associated with running a...
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EFG holds third party funds exposed to Madoff
EFG international, the Swiss bank, said in a ... The Geneva based bank said that while it ... The bank said the amount involved is around ... EFG International also holds, in custody for private ... It said it does not expect Madoff to...
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Comment: Madoff scandal should teach us scepticism
Some of the world's wealthiest investors in hedge ... It has emerged new client money coming into ... Hedge fund group Fairfield Greenwich said in a ... Nicola Horlick, whose Bramdean Alternatives fund of funds ... All well and good. But investors might now ... The list of those who failed the due...
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A 10-point checklist for avoiding a Ponzi fund
Some of the world's largest and most sophisticated ... (1) Does the fund have an independent agency ... Christopher Miller, chief executive of hedge fund ratings ... "When returns are good there is a tendency ... (2) Are other service providers to the ... John Godden, founder of investment consultant IGS Group,...
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How could wealthy investors be so blind?
Let us say you are a billionaire venture ... Let us say he wanted millions of dollars ... Well, apparently Ron Burkle did. Along with Gordon ... Then there is yesterday’s case of Bernard Madoff, ... There were red flags flying all over the ... How could the rich be so easily fooled?...
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Hedge funds face 'massive' loss as Madoff arrested
Beleaguered investors face a "complete loss" from a ... A number of prominent funds of hedge funds ... US authorities claimed Madoff told employees at Madoff ... Christopher Miller, chief executive of London hedge fund ... "Some investors in Madoff's funds face 100% write-downs...
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