Kingate Management

Kingate Management
Hedge fund
Headquarters Hamilton, Bermuda

Kingate Management is a Hamilton, Bermuda hedge fund.[1] It was a feeder fund into the securities firm of Bernie Madoff, as part of the Madoff investment scandal.

History

Kingate Management and Tremont Capital Management set up Kingate Global Fund Ltd. (KING) as a joint venture.[2][3][4][5] It charged an initial fee of 5%, and then 1.5% of assets per year.[6] It was one of the largest feeder funds of Bernie Madoff, and raised $3.5 billion for Madoff starting in 1994.[2][7] It was overseen by FIM Advisers LLP, a London firm.[2]

The fund lost all of its assets in the Madoff Ponzi scheme.[6]

See also

References

  1. ↑ Deborah Hart Strober; Gerald Strober; Gerald S. Strober. Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World. Retrieved February 9, 2013.
  2. 1 2 3 Erin Arvedlund. Too Good to Be True: The Rise and Fall of Bernie Madoff. Retrieved February 9, 2013.
  3. ↑ Credit, Currency Or Deratives: Instruments of Global Financial Stability Or Crisis?. 2009. Retrieved February 9, 2013.
  4. ↑ David E. Y. Sarna (2010). History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff. Retrieved February 9, 2013.
  5. ↑ Credit, Currency Or Deratives: Instruments of Global Financial Stability Or Crisis?. 2009. Retrieved February 9, 2013.
  6. 1 2 Monty Agarwal. The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry. Retrieved February 9, 2013.
  7. ↑ Lionel S. Lewis (2012). Con Game: Bernard Madoff and His Victims. Retrieved February 9, 2013.
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