Madoff Trustee Secures Up to $500M from Swiss Bank UBP

Dec 7 2010 | 8:13am ET

The court-appointed trustee for Bernard Madoff’s investment fund has won his biggest victory to date: Irving Picard says he’s entered a settlement agreement that will see the Swiss bank Union Bancaire Privée (UBP) pay between $470 million and $500 million to Madoff’s victims.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…