FACTBOX: Firms exposed to Madoff's alleged fraud
(Reuters) - Investors around the world have scrambled since Friday to assess potential losses from an alleged $50 billion fraud by Bernard Madoff, the prominent Wall Street trader arrested last week.
Following are some of the firms exposed.
* HSBC HOLDINGS PLC has potential exposure of about $1.5 billion, the Financial Times reported, citing unnamed people close to the situation. The exposure is from loans it provided to institutional clients, mainly hedge funds of funds, that wanted to invest with Madoff, the FT reported.
* GRUPO SANTANDER SA - Spain's largest bank said its investment fund Optimal has a 2.33 billion euro ($3.05 billion) exposure to Madoff Securities.
* MAN GROUP PLC - Said it is exposed through RMF, its institutional fund of funds business, which has approximately $360 million invested in two funds that are directly or indirectly sub-advised by Madoff Securities.
* BBVA - Spain's second-largest bank said its international operation has about 30 million euros exposure to Madoff, and it sees a maximum potential loss from Madoff-linked investments of 300 million euros ($404 million).
* ASCOT PARTNERS LLC - According to a Wall Street Journal report, the fund where former GMAC chairman Jacob Ezra Merkin is a money manager has an exposure of $1.8 billion.
* ACCESS INTERNATIONAL ADVISORS - According to a report by Bloomberg, Access has an exposure of $1.4 billion.
* AXA SA - Said it has negligible exposure to Madoff, well below 100 million euros.
* BARCLAYS - Any exposure for British bank Barclays Plc to Madoff would be "minimal," a person familiar with the matter said, but Barclays declined to comment.
* UNION BANCAIRE PRIVEE - Swiss bank that invests in funds of hedge funds has lost about 1 billion francs ($850 million), according to Le Temps, citing unnamed banking sources.
* ROYAL BANK OF SCOTLAND GROUP PLC - said it had exposure through trading and collateralized lending to funds of hedge funds invested with Madoff, with a potential loss of around 400 million pounds ($597.9 million)
* NATIXIS said it could have a 450 million euro ($602 million) indirect exposure to Madoff
* BNP PARIBAS - France's largest listed bank said it has a potential 350 million euro ($464.3 million) exposure.
* REICHMUTH & CO - Swiss private bank said its fund of funds Reichmuth Matterhorn had an exposure to investments linked to Madoff that amounted to about $325 million.
* NOMURA HOLDINGS said it had a 27.5 billion yen ($303 million) exposure related to Madoff, but the impact on its capital would be limited.
* UNICREDIT SpA - Italy's second-biggest bank said its own exposure is around 75 million euros ($101 million), while in its Pioneer Investments unit, some funds "are exposed to Madoff indirectly through feeder funds."
* SOCIETE GENERALE - Said its exposure is negligible, below 10 million euros.
* MAXAM CAPITAL MANAGEMENT LLC - The fund has lost about $280 million on funds invested with Madoff, according to a Wall Street Journal report.
* EIM GROUP - Le Temps reported that EIM Group, a fund of hedge funds, said it has a $230 million exposure.
* FAIRFIELD SENTRY LTD - The $7.3 billion hedge fund run by Walter Noel's Fairfield Greenwich Group had accounts with Madoff Investment Securities.
* KINGATE GLOBAL FUND LTD - The $2.8 billion hedge fund run by Kingate Management Ltd had invested in Madoff Investment Securities.
* UBS - The investment bank unit of the Swiss financial group has a limited and insignificant counterparty exposure, its spokesman told Reuters.
* BENEDICT HENTSCH - Swiss private bank said its exposure to products linked to Madoff amounted to 56 million francs ($47 million), or less than 5 percent of assets under management.
* BRAMDEAN ALTERNATIVES LTD - UK asset manager, headed by well-known fund manager Nicola Horlick, said almost 10 percent of its holdings were exposed to Madoff. Bramdean said it had two holdings that maintain trading accounts with Bernard L. Madoff Investment Securities that represented 9.5 percent of its net asset value at end-October.
* BANESTO - Said it has insignificant exposure, but declined to disclose the size of exposure.
($1=.7473 Euro)
(Reporting by Juan Lagorio, additional reporting by Phil Wahba; Editing by Toni Reinhold, Ian Geoghegan and Hans Peters)
