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.

All labels observed (1)

Label Occurrences
Ascot Partners canonical 1

How this entity was disambiguated

Statements (29)

Predicate Object
instanceOf hedge fund
associatedWith Gabriel Capital Corporation
J. Ezra Merkin
basedIn New York
channeledFundsTo Bernard Madoff’s Ponzi scheme
clientType high-net-worth individuals
institutional investors
country United States
faced investor lawsuits after Madoff scandal
generalPartner Gabriel Capital Corporation
hadConsequence reputational damage to J. Ezra Merkin
significant investor losses
hadRiskConcentration substantial exposure to a single manager, Bernard Madoff
implicatedIn Madoff investment scandal
industry financial services
investedWith Bernard L. Madoff
linked to: Bernie Madoff
investmentVehicleType limited partnership
legalJurisdiction State of New York
linked to: New York State
managedBy J. Ezra Merkin
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.
Gabriel Capital L.P.
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

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.