Ascot Partners
Hedge fund
From Wikipedia, the free encyclopedia
Ascot Partners is a hedge fund that was a feeder fund to Bernie Madoff.[1]
| Company type | hedge fund |
|---|---|
Key people | J. Ezra Merkin, general partner |
| Services | feeder fund to Bernie Madoff |
It is headed by money manager and financier J. Ezra Merkin as general partner.[2][3][4] It was managed by Gabriel Capital Corporation, of which Merkin was chairman.[5][6] Among its investors were Yeshiva University and New York University.[7]
The hedge fund lost $1.8 billion in the Bernie Madoff Ponzi scheme.[2][8]