Ascot Partners is a
hedge fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as s ...
that was a
feeder fund to
Bernie Madoff.
It is headed by money manager and financier
J. Ezra Merkin as general partner.
It was managed by Gabriel Capital Corporation, of which Merkin was chairman. Among its investors were
Yeshiva University
Yeshiva University is a private Orthodox Jewish university with four campuses in New York City.["About YU]
on the Yeshiva Universi ...
and
New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin.
In 1832, th ...
.
The hedge fund lost $1.8 billion in the Bernie Madoff
Ponzi scheme.
See also
*
List of investors in Bernard L. Madoff Securities
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricat ...
References
{{Madoff investment scandal
Madoff investment scandal