The following entities have announced exposure to Bernard L. Madoff Investment Securities LLC, the New York-based business that allegedly lost $50 billion in a giant pyramid scheme.
Entity: Baloise Holding AG Exposure: around $13 million Date of disclosure: Dec. 16 Notes: n/a Entity: Bank Medici AG Exposure: $2.1 billion Date of disclosure: Dec. 16 Notes: Bank Medici is 25% owned by Unicredit SpA (UCG.MI). 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: 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. Entity: Massachusetts Mutual Life Insurance (MML.XX) Exposure: Less than $10 million Date of disclosure: Dec. 16 Notes: "Any impact immaterial to financial condition." 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. Entity: Signet Global Fixed Income Strategies (SIGG.LN) Exposure: None Date of disclosure: Dec. 16 Notes: n/a Entity: Swiss Life Holding AG (SLHN.VX) Exposure: CHF90 million, or $78.9 million Date of disclosure: Dec. 16 Notes: Swiss Life said it is exposed through fund of funds; no direct exposure. 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: 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. Entity: Banque Benedict Hentsch Exposure: CHF56 million Date of disclosure: Dec. 15 Notes: Banque Benedict Hentsch bought back its capital from Fairfield Greenwich after disclosing its exposure. The deal unwinds a three-month partnership. Entity: Barclays PLC (BCS) Exposure: "minimal" Date of disclosure: Dec. 15 Notes: Barclay's exposure is "fully collateralized." Entity: Bramdean Alternatives Exposure: 9% of portfolio invested in Madoff funds Date of disclosure: Dec. 15 Notes: Investments were in Madoff's Defender and Rye Select Broad Market XL Portfolio. Entity: Clal Insurance Enterprises Holdings Ltd. (CLIS.TV) Exposure: ILS12 million, or $3.1 million Date of disclosure: Dec. 15 Notes: n/a Entity: CNP Assurances (12022.FR) Exposure: No direct exposure; indirect exposure of EUR3 million via a fund of funds Date of disclosure: Dec. 15 Notes: n/a

Publié le 16 Décembre 2008 Copyright © 2008 Dowjones