21 articles found within the last year.
Displaying results 1 - 20
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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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Tailored Returns
In 2001, long before Bernard Madoff burst into ... Well, sorry, Bernie -- Arvedlund now has the ... Madoff's London office played a large role in ... -- Madoff Securities International Limited, as the London ... -- The London office had electronic terminals that ... -- By 1989, however, the Nasdaq extended its...
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Trustee sues Ruth Madoff for more than $44m
The court appointed official in charge of recovering ... Irving Picard, the court appointed trustee, yesterday sued ... "For decades, Mrs Madoff lived a life of ... "Regardless of whether or not Mrs. Madoff knew ... Picard has now filed about a dozen lawsuits ... Although Mrs Madoff has been the focus of...
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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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Who Will Buy Madoff’s Homes?
Now that Bernie and Ruth Madoff’s homes have ... But who would buy them? ... It is one thing for Colony Capital to ... No one is about to make any money ... To buy any of Madoff’s homes–the Manhattan penthouse, ... Granted, they are nice properties. Pictures in the ... The Palm Beach manse, perched on the intracoastal...
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The blogs: Reaction to Madoff
The 150-year sentence handed to Bernard Madoff was ... Here, Financial News provides a selection of the ... • Joe Weisenthal and Kamelia Angelova, Clusterstock, http://bit.ly/hheOC ... “Hooray, Bernie is off for life! ... “But angry victims won't be stopping there. There's...
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Shock greets Luxembourg minister's custodian calls
Claims made by Luxembourg's Treasury Minister that custodian ... Treasury Minister, Luc Friedman, said in an interview ... Custodians are responsible for the day-to-day management of ... However, Frieden has been pushing for the rapid ... Chris Angel, principal at Mercer Sentinel, the investment...
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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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Seven questions to ask when picking a financial adviser
As investors look for guidance in these troubled ... During boom times, it was easy to hire ... Small wonder that many investors are getting reluctant ... The trouble is, many investors don't have the ... The short answer is that you can't. There ... The first step is to realize that you're...
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Fund Linked to Tiger 21 Invested in Madoff
One of the more surprising investors on the ... Tiger 21, as “Richistan” readers know, is a ... Yet the Independence Fund appears to have blurred ... Mr. Sonnenfeldt says the fund was “totally independent ... “Muus didn’t derive any economic benefit from Tiger ... The big question though is why get involved...
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Paranoia strikes the super-rich
Individuals in receipt of wealth beyond the dreams ... Their worries are not always rational, but they ... Wegner shows people cannot suppress concerns for long. ... And the wealthy have good reason to become ... The banking system and hedge funds were under ... Andrew Rodger, director of multi-family office Stonehage, says:...
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Madoff’s Last Shopping Spree
It is well known that Bernie Madoff enjoyed ... But it turns out he also was something ... Trillion’s name says it all–it specializes in hand-stitched, ... David Neff, the store’s president, says Madoff was ... To read the full story go to http://blogs.wsj.com/wealth/...
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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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