Ascot Partners

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Ascot Partners
Type hedge fund
Key people J. Ezra Merkin, general partner
Services feeder fund to Bernie Madoff

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

It is headed by money manager and financier J. Ezra Merkin as general partner, who earned as much as 1.5% of assets under management.[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[edit]

References[edit]

  1. ^ Erin Arvedlund. Too Good to Be True: The Rise and Fall of Bernie Madoff. Retrieved February 10, 2013. 
  2. ^ a b Deborah Hart Strober, Gerald Strober, Gerald S. Strober. Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World. Retrieved February 10, 2013. 
  3. ^ David E. Y. Sarna (2010). History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff. Retrieved February 10, 2013. 
  4. ^ Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis. 2011. Retrieved February 10, 2013. 
  5. ^ Lionel S. Lewis (2012). Con Game: Bernard Madoff and His Victims. Retrieved February 10, 2013. 
  6. ^ Business Week. Retrieved February 10, 2013. 
  7. ^ Monty Agarwal (2011). The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry. Retrieved February 10, 2013. 
  8. ^ Credit, Currency Or Deratives: Instruments of Global Financial Stability Or Crisis?. 2009. Retrieved February 10, 2013.