Here is one list.
Another list Here’s a tax filing from the now defunct Robert I. Lappin Charitable Foundation, which invested with Madoff
From a secret source:
HSBC "has emerged as one the largest victims of Bernard Madoff’s alleged fraud with potential exposure of about $1bn…HSBC’s exposure stemmed from loans it provided to institutional clients, mainly hedge funds of funds, that wanted to invest with Mr Madoff. HSBC’s direct exposure is believed to be about $1bn in loans provided to clients who invested some $500m of their own funds in Mr Madoff’s venture. Under the typical terms of these deals, if the
Access International. $1.4 billion
Fortis Bank. $1.4 billion
Man Group’s RMF division has about $350m invested in funds which outsourced their management to Madoff securities, although this is a tiny fraction of the division’s $25bn of assets. (FT)
Tremont Capital. Fund of funds. $3.3 billion invested. (FT)
Pioneer Investments, an arm of
Union Bancaire Privet: $1.1 billion
Benbasset & Cie: $935 million
BBVA: $404 million
Maxam Capital Management LLC. Combined loss of $280 million. "I’m wiped out," said Sandra Manzke, Maxam’s founder and chairman. The
Fairfield Greenwich Group. Bloomberg: The biggest loser may be Walter Noel’s Fairfield Greenwich Group, whose $7.3 billion Fairfield Sentry Ltd. invested with Madoff’s eponymous firm, three people familiar with the matter said… Fairfield Sentry has a record of more than 15 years with an annual return of 4 to 6 percentage points above benchmark interest rates, according to a marketing document dated this month that was prepared by Zurich-based NPB New Private Bank Ltd. On an absolute basis, returns exceeded 10 percent every year from 1991 through 2000. Since then, they ranged from 6.4 percent to 9.8 percent…The strategy is a “split-strike conversion,” where the investment manager buys shares of large U.S. companies and enters into options contracts to limit the risk, the document says.
Fix Asset Management. Bloomberg: Fix Asset Management, which had an account worth at least $400 million with Madoff Investments. The firm said it’s checking with lawyers about the holdings. “We are very shocked,” John Fix, the son of founder Charles Fix, said by phone from
Thyssen Family. Source sends the following: Thybo Investments grew out of a family office for Thyssen. They have been in fund of funds it seems since 1989. Thybo International is a "proper" fund of fund but it’s newer share class G invests only in one manager – and i’m 99% sure it’s Madoff as the returns are almost the same. Some more info. The fund started in Jan 2007. Ernst & Young.
Ira Roth’s family. WSJ: Ira Roth, a
Sterling Equities. Fund controlled by Fred Wilpon, co-owner of the NY Mets, confirms it had money with Madoff.
Stephen Abbott, a
Lawrence Velvel, "69, dean of the Massachusetts School of Law, said he and a friend may have lost millions of dollars between them (AP). "This is a major disaster for a lot of people," Velvel said in a telephone interview from his
Loeb Family. Source: CNBC’s David Faber
J. Ezra Merkin. LLC Chairman. WSJ: Mr. Merkin, the chairman of former General Motors Corp. financing arm GMAC, is also a money manager at Ascot Partners LLC in
Norman Braman. Former Philadelphia Eagles owner
Leonard Feinstein, co-founder of retailer Bed Bath & Beyond. (WSJ)
Mort Zuckerman. Mr. Zuckerman, the chairman of real-estate firm Boston Properties and owner of the New York Daily News and U.S. News & World Report, had significant exposure through a fund that invested substantially all of its assets with Mr. Madoff (WSJ)
Elie Wiesel’s Foundation For Humanity. Lost $37 million.
Members of half-a-dozen country clubs: WSJ: "Mr. Madoff tapped social networks in
Bramdean Alternatives in the
Banque Benedict Hentsch, Geneva-based private bank, $47.5 million.
Nomura and Neue Privat Bank. "Marketed access to Fairfield Sentry Ltd., a fund overseen by Mr. Madoff and sold through Fairfield Greenwich. The shares offered by Neue Privat and Nomura were leveraged three times — meaning $3 of borrowed money was added to every $1 of capital invested in order to magnify returns, greatly increasing the potential losses for those investors." (WSJ)
Unicredit. The Italian firm had unspecified amount with Madoff via its Dublin-based Pioneer alt-asset group. (MarketWatch)
Sen. Frank Lautenberg. Unspecified (Newsday).
Robert Lappin Foundation in
Wunderkinder Foundation, a Steven Spielberg charity. In the past the foundation "appears to have invested a significant portion of its assets with Mr. Madoff, based on regulatory filings. In 2006, the Madoff firm accounted for roughly 70% of the foundation’s interest and dividend income, according to regulatory filings. A representative of Mr. Spielberg confirmed that the foundation has suffered losses on its investments with the Madoff firm. He said he didn’t know the size of the losses and couldn’t comment further, including on whether Mr. Spielberg had any of his own money invested with the Madoff firm." WSJ
BNP Paribas. "BNP Paribas’s exposure, the extent of which is not clear, may stem from BNP’s lending relationship with a fund of funds that was a big Madoff client, said people familiar with the matter. A BNP spokeswoman declined to comment." WSJ: BNP,
Ira Rennert. Vicky Ward of Vanity Fair, said on CNBC."Heavily, heavily invested."
Englebardt family of
Swiss private bank Reichmuth & Co. "said its clients had an exposure of some 385 million Swiss francs to Madoff funds. The bank said Reichmuth Matterhorn, a fund that invests in other hedge funds, faced a potential loss of about 8.6% on its exposure to Madoff. That amount represented about 3.5% of the 11 billion Swiss Francs Reichmuth & Co. has under management, the bank said." (WSJ)
Union Bancaire Privee. UBP spokesman said the bank’s clients have "limited" losses related to Madoff, but wouldn’t be more specific or comment further. (WSJ)
EIM Group, the European investment manager with about $11 billion in assets, had a number of non-U.S. investors into funds overseen by Mr. Madoff, according to people familiar with the matter. Overall, EIM assets at risk are less than 2% of what it manages, which means losses could top $200 million. (WSJ).
UBS: ""Very limited" direct exposure to the Madoff funds…But the Zurich-based bank’s wealth-management arm helped clients in
Stephen A. Fine, president of Biltrite Corp. (Reader)
Avram and Carol Goldberg, former owners of the Stop & Shop supermarket chain (Reader)
Helfman family of
Saul Katz, co-owner of the New York Mets.
Irwin Kellner, of
Carl and Ruth Shapiro, donors to
Royal Bank of
Nomura: $302 million
Aozora Bank: $137 million
Jeff Katzenberg. Dreamworks CEO has "millions" in Madoff losses. (WSJ)
Gerald Breslauer. Jeff Katzenberg and Steven Spielberg’s financial advisor. WSJ: According to people familiar with the matter, Mr. Breslauer himself has likely sustained heavy losses in the Madoff affair. He customarily invests alongside his clients, say these people, and has sometimes been a larger investor than the people he represented. People familiar with the matter said Mr. Breslauer was known to be a Madoff investor.
Jewish Federation of Greater Washington said it had $10 million invested with Mr. Madoff, about 8 percent of its endowment as of Nov. 30. The organization said it would work to recover the money. (NYT)
Chais Family Foundation in
JEHT Foundation. May have lost hundreds of millions. Will cease operations. (NYT)
Arpad Busson. Uma Thurman’s billionaire fiance runs hedge fund, EIM, which was reportedly exposed to roughly $270 million of products sold by Madoff (Mail on Sunday)
More as we get them…