Access International Advisors
|Founder(s)||René-Thierry Magon de la Villehuchet and Patrick Littaye|
Access International Advisors and Marketers (AIA Group), a Securities and Exchange Commission-registered investment advisor and a hedge fund of funds, was a research analyst investment agency that specialized in managing hedged and structured investment portfolios that involve commercial physical and biological research. It was a feeder fund into the securities firm of Bernie Madoff, as part of the Madoff investment scandal.
The company was co-founded in 1994 by French bankers, yachtsman René-Thierry Magon de la Villehuchet (the former CEO of Crédit Lyonnais Securities USA) and Patrick Littaye. Philippe Junot, the first husband of Princess Caroline of Monaco, was a partner of the company.
Access International Advisors LLC’s LuxAlpha Sicav-American Selection was a UCITS fund that invested 95% of its money with Bernie Madoff. It had $1.4 billion in net assets a month before Madoff's December 2008 arrest and was exposed for $1.4 billion, which it had placed with Madoff's securities fund, in the Madoff Ponzi scheme. It failed after Madoff’s activities were discovered.
On December 23, 2008, less than two weeks after Madoff's arrest, de la Villehuchet reportedly committed suicide. He was found dead in his company office on Madison Avenue in New York City. His wrists and left bicep were slit, and de la Villehuchet had taken sleeping pills, in what appeared to be a suicide. Although no suicide note was found at the scene, his brother in France received a note shortly after his death in which he expressed remorse and a feeling of responsibility.
- AIA Group Company Web site (went offline, but is still accessible through archive.org)
- Company Profile on Manta Company profile on Manta
- Deborah Hart Strober, Gerald Strober, Gerald S. Strober. Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World. Retrieved February 11, 2013.
- Max H. Bazerman, Ann E. Tenbrunsel (March 21, 2011). Blind Spots: Why We Fail to Do What's Right and What to Do about It. Retrieved February 11, 2013.
- Harry Markopolos (January 29, 2010). No One Would Listen: A True Financial Thriller. Retrieved February 11, 2013.
- Lionel S. Lewis (June 13, 2012). Con Game: Bernard Madoff and His Victims. Retrieved February 11, 2013.
- Smith, Heather (November 4, 2009). "Access International’s Littaye Charged in Madoff Case )". Bloomberg. Retrieved February 11, 2013.
- Bodoni, Stephanie (April 29, 2013). "HSBC Liability for Madoff Losses an Issue After Four Years". Bloomberg. Retrieved May 25, 2014.
- Ladis Konecny. Stocks and Exchange. Retrieved February 11, 2013.
- "Hedge". Nydailynews.com. December 24, 2008. Retrieved February 11, 2013.
- Company Address. Futuressourcebook.com. Retrieved February 11, 2013.
- Berenson, Alex, and Matthew Saltmarsh, "Madoff Investor’s Suicide Leaves Questions", The New York Times, 2009-01-02, p. B1 New York edition.