Fairfield Greenwich Group
E676597
Fairfield Greenwich Group was a prominent hedge fund and investment management firm best known for being one of the largest feeder funds and victims of Bernard Madoff’s Ponzi scheme.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
hedge fund
ⓘ
investment management firm ⓘ |
| allegation |
failed to conduct adequate due diligence on Bernard Madoff
ⓘ
misrepresentation of risk controls to investors ⓘ |
| assetsUnderManagementBeforeMadoffArrest | multiple billions of US dollars ⓘ |
| associatedWith | Bernard L. Madoff NERFINISHED ⓘ |
| businessModel | collecting management and performance fees from feeder funds ⓘ |
| clientele |
high-net-worth individuals
ⓘ
institutional investors ⓘ |
| consequenceOfMadoffCase |
litigation from investors
ⓘ
massive investor redemptions and losses ⓘ reputational damage ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| foundedBy |
Jeffrey Tucker
NERFINISHED
ⓘ
Walter Noel NERFINISHED ⓘ |
| headquartersLocation | New York City ⓘ |
| industry |
asset management
ⓘ
financial services ⓘ |
| investmentFocus |
alternative investments
ⓘ
hedge fund strategies ⓘ |
| investmentStrategy |
feeder fund structures
ⓘ
fund of funds ⓘ |
| keyPerson |
Andrés Piedrahita
NERFINISHED
ⓘ
Ariane de Rothschild (business association via distribution/relationships) NERFINISHED ⓘ Jeffrey Tucker NERFINISHED ⓘ Walter Noel NERFINISHED ⓘ |
| legalOutcome | entered civil settlements with investors and regulators ⓘ |
| majorLossEvent | collapse of Madoff Ponzi scheme in 2008 ⓘ |
| notableFor |
being a major feeder fund to Bernard L. Madoff Investment Securities
ⓘ
heavy losses in the Bernard Madoff Ponzi scheme ⓘ |
| officeLocation | Greenwich, Connecticut NERFINISHED ⓘ |
| operatedFund |
Fairfield Lambda
NERFINISHED
ⓘ
Fairfield Sentry NERFINISHED ⓘ Fairfield Sigma NERFINISHED ⓘ |
| regulator |
New York Attorney General
NERFINISHED
ⓘ
U.S. Securities and Exchange Commission NERFINISHED ⓘ |
| regulatoryAction | subject of investigations following Madoff scandal ⓘ |
| relatedEntity |
Fairfield Greenwich (Bermuda) Ltd.
NERFINISHED
ⓘ
Fairfield Greenwich (UK) Ltd. NERFINISHED ⓘ |
| roleInMadoffCase | largest feeder fund to Bernard Madoff ⓘ |
| serviceOffered |
fund distribution
ⓘ
investment advisory services ⓘ portfolio management ⓘ |
| settledWith | New York Attorney General NERFINISHED ⓘ |
| statusAfterMadoffScandal |
effectively defunct as a major hedge fund group
ⓘ
operations severely curtailed ⓘ |
| victimOf | Bernard Madoff Ponzi scheme NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Bernard L. Madoff Investment Securities LLC Ponzi scheme
→
notableVictim
→
Fairfield Greenwich Group
ⓘ