Madoff investor found dead - papers

clock

A French hedge fund manager whose company lost as much as $1.4bn of clients' money in Bernard Madoff's corrupt investment firm was found dead in his Manhattan office yesterday, reports The Telegraph .

Thierry Magon de la Villehuchet, 65, was pronounced dead at a Madison Avenue building in midtown Manhattan on Tuesday morning, according to a French website. It appeared "highly likely" that he committed suicide, said a source familiar with the investigation who spoke on condition of anonymity. A French newspaper also said he killed himself. News of the death comes as it emerged that the disgraced New York hedge fund king, accused of defrauding clients across the world of $50 billion, will spend Christmas under nightly house arrest. He will have an electronic tag fitted to his ankle, aft...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •