Swedish Madoff Exposures
Seems like things are moving in the Swedish fund-of-funds sector where several funds have been caught in the Madoff debacle. Although disclosing rather late, it seems as if Indecaps "Guide 2" fund had a 7% allocation to the fraudulent manager. In total the exposure was rather modest with 20-30 mn USD in exposure.
The exposure is claimed to have been through a fund called "Defender Limited", question is who it defended.
Labels: Hedge Funds Sweden, Madoff, Scandals

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