Ascot Partners
E676599
Ascot Partners was a hedge fund that acted as a major feeder fund channeling investor money into Bernard Madoff’s Ponzi scheme.
Statements (29)
| Predicate | Object |
|---|---|
| instanceOf | hedge fund ⓘ |
| associatedWith |
Gabriel Capital Corporation
NERFINISHED
ⓘ
J. Ezra Merkin NERFINISHED ⓘ |
| basedIn | New York NERFINISHED ⓘ |
| channeledFundsTo | Bernard Madoff’s Ponzi scheme NERFINISHED ⓘ |
| clientType |
high-net-worth individuals
ⓘ
institutional investors ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| faced | investor lawsuits after Madoff scandal ⓘ |
| generalPartner | Gabriel Capital Corporation NERFINISHED ⓘ |
| hadConsequence |
reputational damage to J. Ezra Merkin
ⓘ
significant investor losses ⓘ |
| hadRiskConcentration | substantial exposure to a single manager, Bernard Madoff ⓘ |
| implicatedIn | Madoff investment scandal NERFINISHED ⓘ |
| industry | financial services ⓘ |
| investedWith | Bernard L. Madoff NERFINISHED ⓘ |
| investmentVehicleType | limited partnership ⓘ |
| legalJurisdiction | State of New York NERFINISHED ⓘ |
| managedBy | J. Ezra Merkin NERFINISHED ⓘ |
| notableFor |
being a major feeder fund to the Madoff Ponzi scheme
ⓘ
heavy losses in the 2008 Madoff scandal ⓘ |
| operatedAs | feeder fund to Bernard L. Madoff Investment Securities LLC ⓘ |
| primaryStrategy | feeder fund investing substantially all assets with Bernard Madoff ⓘ |
| relatedTo |
Ariel Fund Ltd.
NERFINISHED
ⓘ
Gabriel Capital L.P. NERFINISHED ⓘ |
| sector | asset management ⓘ |
| subjectOf | regulatory investigations related to Madoff investments ⓘ |
| sufferedEvent | collapse following exposure of Madoff Ponzi scheme in December 2008 ⓘ |
| usedCustodianOrBroker | Bernard L. Madoff Investment Securities LLC NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.