Entity: JEHT Foundation Exposure: n/a Date of disclosure: Dec. 16 Notes: The foundation stopped all grant-making and plans to shut down at the end of January. Its major donors had essentially all their money invested with the Madoff firm. Grant recipients had included Human Rights First and the Michigan Department of Corrections, Make Voting Work and the Innocence Project. Entity: Massachusetts Mutual Life Insurance Exposure: Less than $10 million Date of disclosure: Dec. 16 Notes: "Any impact immaterial to financial condition." Entity: Meiji Yasuda Life Insurance Co. Exposure: Y100 million Date of disclosure: Dec. 16 Notes: Meiji Yasuda didn't invest directly in the Madoff fund. Entity: Mitsui Sumitomo Insurance Co. (8725.TO) Exposure: Y800 million Date of disclosure: Dec. 16 Notes: Mitsui Sumitomo didn't invest directly in the Madoff fund. Entity: New York Law School Exposure: $3 million through Ascot Partners Date of disclosure: Dec. 16 Notes: The school invested the money through its endowment entity. The school filed an investor lawsuit against J. Ezra Merkin, Ascot Partners and BDO Seidman. Entity: Nipponkoa Insurance Co. (8754.TO) Exposure: n/a Date of disclosure: The company said it holds similar investments trusts to those held by Sumitomo Life Insurance Co. but declined to specify the balance. Sumitomo disclosed that it has about Y2 billion exposed via trusts. Entity: North Shore-Long Island Jewish Health System Exposure: $5.7 million Date of disclosure: Dec. 16 Notes: Exposure represents less than 1% of the health system's investment portfolio. A donor agreed to reimburse the system for any losses. Entity: Robert I. Lappin Charitable Foundation; Robert I. Lappin 1992 Supporting Foundation Exposure: n/a Date of disclosure: Dec. 16 Notes: Programs run by the foundations have been discontinued, according to a statement on the organizations' Web site. Money used to fund the programs was invested with the Madoff firm. Entity: Sumitomo Life Insurance Co. Exposure: About Y2 billion Date of disclosure: Dec. 16 Notes: Sumitomo Life didn't invest directly in the Madoff fund but part of its investment trust holdings were linked to it. Entity: Swiss Life Holding AG (SLHN.VX) Exposure: CHF90 million, ($78.9 million) Date of disclosure: Dec. 16 Notes: Swiss Life said it is exposed indirectly through fund of funds. The loss is less than 0.1% of Swiss Life's assets under management. Entity: Swiss Reinsurance Co. (RUKN.VX) Exposure: indirect exposure less than $3 million Date of disclosure: Dec. 16 Notes: Exposure is through hedge fund investments; no direct exposure. Entity: Taiyo Life Insurance Co. (6252.TO) Exposure: Y20 million Date of disclosure: Dec. 16 Notes: Taiyo Life didn't invest directly in the Madoff fund. Entity: UBI Banca SpA (UBI.MI) Exposure: EUR60.4 million Date of disclosure: Dec. 16 Notes: UBI Pramerica and Capitalgest Alternative Investments, the assets- under-management units, have no exposure. The bank estimates EUR400,000 in customer exposure in assets under custody. The bank said EUR450,000 in exposure is registered in customers' discretionary portfolios at UBI Banca International SA Luxembourg. Entity: Aozora Bank Ltd. (8304.TO) Exposure: Estimated Y12.4 billion ($137 million) Date of disclosure: Dec. 15 Notes: Aozora entrusted Y12.4 billion to investment funds, which invested with Madoff. Cerberus Capital Management LP owns a majority stake in Aozora. Aozora doesn't expect the loss's impact on its financial condition to be material. Entity: AXA SA (AXA) Exposure: Less than EUR100 million Date of disclosure: Dec. 15 Notes: n/a Entity: Banco Bilbao Vizcaya Argentina SA (BBV) Exposure: EUR300 million Date of disclosure: Dec. 15 Notes: BBV reiterated it doesn't have direct exposure to Madoff, but would face losses of EUR300 million if Madoff funds were found not to exist. Entity: Banco Espanol de Credito SA (BTO.MC) Exposure: EUR2 million Date of disclosure: Dec. 15 Notes: Banesto said the EUR2 million is included in the EUR2.33 billion already disclosed by its parent company, Banco Santander SA (STD). Of the EUR2 million, EUR400,000 corresponds to hedge fund customers and EUR1.6 million corresponds to structured deposit customers.

Publié le 24 Décembre 2008 Copyright © 2008 Dowjones