Thursday, 27 November 2014
Last updated 20 hours ago
Dec 31 2008 | 11:22am ET
Victims of Bernard Madoff’s alleged $50 billion Ponzi scheme may soon get some answers as to how much money, if any, they’ll be able to collect from the disgraced former Nasdaq stock market chairman.
Madoff is reportedly scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. The list will include investments, loans, lines of credit, business interests, brokerage accounts and other holdings. However, one item that won’t make the filing is a $10,000 statue depicting life guards that was reported stolen from Madoff’s estate in Florida earlier this week.
In an interview, Madoff's lawyer, Ira Lee Sorkin, said that his client will meet the filing deadline.
In the weeks since his arrest, a number of clients including Yeshiva University, actors Kevin Bacon and Kyra Sedgwick, and former Salomon Brothers chief economist Henry Kaufman have added their names to the long list of victims defrauded in the alleged Ponzi scheme.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...