Ascot Partners

Last updated

Ascot Partners
Company type hedge fund
Key people
J. Ezra Merkin, general partner
Services feeder fund to Bernie Madoff

Ascot Partners is a hedge fund that was a feeder fund to Bernie Madoff. [1]

It is headed by money manager and financier J. Ezra Merkin as general partner. [2] [3] [4] It was managed by Gabriel Capital Corporation, of which Merkin was chairman. [5] [6] Among its investors were Yeshiva University and New York University. [7]

The hedge fund lost $1.8 billion in the Bernie Madoff Ponzi scheme. [2] [8]

See also

References

  1. Erin Arvedlund (August 11, 2009). Too Good to Be True: The Rise and Fall of Bernie Madoff. Penguin. ISBN   9781101137789 . Retrieved February 10, 2013.
  2. 1 2 Deborah Hart Strober; Gerald Strober; Gerald S. Strober (2009). Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World. Phoenix Books. ISBN   9781597776400 . Retrieved February 10, 2013.
  3. David E. Y. Sarna (2010). History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff. John Wiley & Sons. ISBN   9780470877708 . Retrieved February 10, 2013.
  4. Hawley, James P.; Kamath, Shyam J.; Williams, Andrew T. (2011). Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis. University of Pennsylvania Press. p. 213. ISBN   978-0812204643 . Retrieved February 6, 2016.
  5. Lionel S. Lewis (2012). Con Game: Bernard Madoff and His Victims. Transaction Publishers. ISBN   9781412846363 . Retrieved February 10, 2013.
  6. Business Week. 2008. Retrieved February 10, 2013.
  7. Monty Agarwal (2011). The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry. John Wiley & Sons. ISBN   9780470557297 . Retrieved February 10, 2013.
  8. Papaioannou, Michael G.; Choi, Jay J. (2009). Credit, Currency Or Deratives: Instruments of Global Financial Stability Or Crisis?. Emerald Group. ISBN   9781849506014 . Retrieved February 10, 2013.