Ascot Partners is a hedge fund that was a feeder fund to Bernie Madoff.[1]

Ascot Partners
Company typehedge fund
Key people
J. Ezra Merkin, general partner
Servicesfeeder fund to Bernie Madoff

It is headed by money manager and financier J. Ezra Merkin as general partner.[2][3][4] It was managed by Gabriel Capital Corporation, of which Merkin was chairman.[5][6] Among its investors were Yeshiva University and New York University.[7]

The hedge fund lost $1.8 billion in the Bernie Madoff Ponzi scheme.[2][8]

See also

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References

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  1. ^ Erin Arvedlund (August 11, 2009). Too Good to Be True: The Rise and Fall of Bernie Madoff. ISBN 9781101137789. Retrieved February 10, 2013.
  2. ^ a b Deborah Hart Strober; Gerald Strober; Gerald S. Strober (2009). Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World. ISBN 9781597776400. Retrieved February 10, 2013.
  3. ^ David E. Y. Sarna (2010). History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff. ISBN 9780470877708. Retrieved February 10, 2013.
  4. ^ Hawley, James P.; Kamath, Shyam J.; Williams, Andrew T. (2011). Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis. p. 213. ISBN 978-0812204643. Retrieved February 6, 2016.
  5. ^ Lionel S. Lewis (2012). Con Game: Bernard Madoff and His Victims. ISBN 9781412846363. Retrieved February 10, 2013.
  6. ^ Business Week. 2008. Retrieved February 10, 2013.
  7. ^ Monty Agarwal (2011). The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry. ISBN 9780470557297. Retrieved February 10, 2013.
  8. ^ Papaioannou, Michael G.; Choi, Jay J. (2009). Credit, Currency Or Deratives: Instruments of Global Financial Stability Or Crisis?. ISBN 9781849506014. Retrieved February 10, 2013.