Hedge fund Man Group is set to take legal action over its exposure to the high-profile $50bn (£33.9bn) Madoff fraud case. The British-based fund is considering a number of options in a bid to reduce its exposure with legal action being discussed. Man Group is exposed to the Madoff case through its institutional fund of funds business, RMF, which had around $360m (£246m) in funds directly or indirectly sub-advised by Madoff.
January 14, 2009 at 06:07 AM
1 minute read
The original version of this story was published on Legalweek
Hedge fund Man Group is set to take legal action over its exposure to the high-profile $50bn (£33.9bn) Madoff fraud case.
The British-based fund is considering a number of options in a bid to reduce its exposure with legal action being discussed. Man Group is exposed to the Madoff case through its institutional fund of funds business, RMF, which had around $360m (£246m) in funds directly or indirectly sub-advised by Madoff.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
