Tuesday, December 23, 2008

JUST IN: Head of Fund Invested in Madoff Said to Commit Suicide

JUST IN: Head of Fund Invested in Madoff Said to Commit Suicide

Thierry Magon de La Villehuchet, who ran the hedge fund "Access International Advisors" that invested with Bernard Madoff, was found dead at his Madison Avenue office today. An NYPD officer at the scene said the death appeared to be a suicide.

De la Villehuchet, 65, was a founding partner and chief executive officer of Access International Advisors, according to a marketing document. Access invested $1.4 billion with Madoff, who was arrested on Dec. 11 for allegedly running a $50 billion Ponzi scheme.

Access�s LUXALPHA SICAV-American Selection invested solely with Madoff. Access said last week that it was working with lawyers to assess the situation. No one answered the phone of the French hedge fund when Bloomberg called it today.

(Source: NY Times / Bloomberg)

http://www.theyeshivaworld.com/article.php?p=27584


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