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Fairfield Greenwich Group operated feeder funds for Bernie Madoff.
Investigation Source (Case #09-cv-00118)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Investments
- Scams (Including Madoff)
- Unregistered Investments
- Registration Statement
- Audit Action
- Private Placement
Product or Service
- Hedge Funds
Injury Type
- Monetary Loss
Investigation Details
Fairfield Sentry Limited is a limited partnership in which investors become limited partners.
Fairfield Greenwich (Bermuda) Ltd. is the investment advisor to Fairfield Sentry, for which it receives an annual fee.
Fairfield Greenwich (Bermuda) is a wholly owned subsidiary of Fairfield Greenwich Limited.
Fairfield Greenwich Limited is the placement agent for Fairfield Sentry Limited and receives a 3% fee for every dollar invested into the Fairfield Sentry.
Fairfield Greenwich Group is an asset manager and appears to be the umbrella partnership, which effectively owns and controls all Fairfield companies.
Fairfield Greenwich Group was founded by three persons and had a total of twenty-one partners. It controlled over 14 billion dollars in assets, of which 7.2 billion was invested with Bernie Madoff. That investment is now close to worthless. One founder of Fairfield Greenwich Group had been a close business associate of Madoff for over twenty years. Fairfield and its partners received over 1 billion in fees from Madoff. This is a class action lawsuit based solely on state law claims to seek to recover as much as possible from the named defendants including individual partners.
Fairfield Greenwich (Bermuda) Ltd. is the investment advisor to Fairfield Sentry, for which it receives an annual fee.
Fairfield Greenwich (Bermuda) is a wholly owned subsidiary of Fairfield Greenwich Limited.
Fairfield Greenwich Limited is the placement agent for Fairfield Sentry Limited and receives a 3% fee for every dollar invested into the Fairfield Sentry.
Fairfield Greenwich Group is an asset manager and appears to be the umbrella partnership, which effectively owns and controls all Fairfield companies.
Fairfield Greenwich Group was founded by three persons and had a total of twenty-one partners. It controlled over 14 billion dollars in assets, of which 7.2 billion was invested with Bernie Madoff. That investment is now close to worthless. One founder of Fairfield Greenwich Group had been a close business associate of Madoff for over twenty years. Fairfield and its partners received over 1 billion in fees from Madoff. This is a class action lawsuit based solely on state law claims to seek to recover as much as possible from the named defendants including individual partners.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Fairfield Sentry Limited | Fairfield Sentry Limited is a hedge fund, designed to be a fund of funds, i.e. a hedge fund that invests in other hedge funds. It was operated under the Fairfield Greenwich Group. |
| Fairfield Greenwich Group | Fairfield Greenwich Group is an asset manager. In November, 2008, it was reported that assets under management at Fairfield Greenwich Group totaled approximately $14.1 billion, of which approximately $6.9 billion was invested in vehicles connected to Bernie Madoff. |
| Fairfield Greenwich Advisors, LLC. | Fairfield Greenwich Advisors, LLC. is a wholly owned subsidiary of Fairfield Greenwich Group. It is an investment advisor to assets under management with the Fairfield Greenwich Group. Fairfield Greenwich Group is an asset manager. In November, 2008, it was reported that assets under management at Fairfield Greenwich Group totaled approximately $14.1 billion, of which approximately $6.9 billion was invested in vehicles connected to Bernie Madoff. |