Entity: Credit Industrial et Commercial SA (12005.FR) Exposure: EUR90 million Date of disclosure: Dec. 17 Notes: The bank has no direct exposure to Madoff but could be affected through an intermediary. Entity: Genevalor, Benbassat & Cie. Exposure: n/a Date of disclosure: Dec. 17 Notes: Genevalor distributes the Thema fund family. An investor document for one Thema fund shows a return-on-investment chart that corresponds closely to Madoff's performance. A summary of the fund's investment strategy describes a process consistent with Madoff's activity. Genevalor said in a statement on its Web site that it "has been reviewing the potential damages caused to its clients" by the alleged Madoff fraud. A statement from the Thema fund said it had assets with Madoff that were now frozen. Entity: Great Eastern Holding Ltd. (G07.SG) Exposure: S$64 million through some Fairfield Greenwich funds Date of disclosure: Dec. 17 Notes: Great Eastern said S$7.7 million of its exposure is invested from shareholder funds and S$56.3 million is from its Life Fund. The total represents 0.14% of the group's total assets as of Sept. 30. Great Eastern is 87% owned by Oversea-Chinese Banking Corp. (O39.SG). Great Eastern's Lion Global Investors unit separately invested S$350,000 in one Madoff- related fund. Entity: M&B Capital Advisers Exposure: Private clients have more than EUR37 million in exposure Date of disclosure: Dec. 17 Notes: The firm is run by the son and son-in-law of the chairman of Banco Santander SA (STD), which disclosed nearly EUR2.33 billion in Madoff exposure. Through M&B, private and institutional investors bought more than EUR150 million in Madoff's funds. Entity: Phoenix Holdings Ltd. (PHOE1.TV) Exposure: Up to ILS48 million ($12.6 million) Date of disclosure: Dec. 17 Notes: Phoenix's insurance unit invested $15 million over the last three years in funds managed by Thema, which made investments through Madoff. In November, the company requested to redeem $10 million. The payment was due Dec. 12 but Phoenix hasn't received it. Entity: Royal Dutch Shell (RDSB.LN) pension fund Exposure: n/a Date of disclosure: Dec. 17 Notes: The pension fund fund has an indirect investment that may be affected. The fund originally invested $45 million. The alleged fraud won't affect the financial position and funding status of the fund. Entity: Stanley Chais Exposure: n/a Date of disclosure Dec. 17 Notes: The money manager managed investments he called "the arbitrage partnerships," according to investors and firm correspondence. Chais's foundation, which focused on Jewish causes and gave about $12 million annually to Israeli projects (including Bina and Melitz), will be closing. A lawsuit was filed on behalf of individuals who invested through Chais or his Brighton Co. Entity: Aioi Insurance Co. (8761.TO) Exposure: Y100 million Date of disclosure: Dec. 16 Notes: Aioi said it didn't make a direct investment in the Madoff fund. Entity: Ascot Partners LLC Exposure: Substantially all of $1.8 billion in assets (figure as of Sept. 30) were invested with Madoff Date of disclosure: Dec. 11 Notes: A lawsuit was filed against Ascot, J. Ezra Merkin and auditor BDO Seidman Dec. 16. Entity: Baloise Holding AG Exposure: around $13 million Date of disclosure: Dec. 16 Notes: n/a Entity: Carl Shapiro Exposure: $545 million Date of disclosure: Dec. 16 Notes: The amount includes $145 million invested through the Carl & Ruth Shapiro Family Foundation. Entity: Credicorp Ltd. (BAP) Exposure: Up to $4.5 million Date of disclosure: Dec. 16 Notes: Credicorp's Atlantic Security Bank unit has $1 million in direct exposure and up to $3.5 million in potential contingencies "related to transactions secured by these investments." Entity: Fukoku Mutual Life Co. Exposure: n/a Date of disclosure: Dec. 16 Notes: 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: Gift of Life Bone Marrow Foundation Exposure: About $1.8 million in pledges have been affected by Madoff issue Date of disclosure; Dec. 16 Notes: Gift of Life doesn't have any money invested with Madoff but about one-third of funds it spent on donor recruitment came from the Madoff Family Foundation. The organization is trying to raise funds from other sources. Entity: Helvetia Holding AG (HELN.EB) Exposure: Indirect exposure "limited" Date of disclosure: Dec. 16 Notes: No direct exposure Entity: ING NV (ING) Exposure: "No direct exposure" Date of disclosure: Dec. 16 Notes: "No significant indirect exposure" through clients. ING said none of the funds its manages have invested money in Madoff's enterprise.

Publié le 24 Décembre 2008 Copyright © 2008 Dowjones