December 17, 2008 / 2:23 PM / 11 years ago

FACTBOX: Firms exposed to Madoff's alleged fraud

(Reuters) - More firms around the globe disclosed they were caught up in the $50 billion fraud allegedly perpetrated by Bernard Madoff, a former chairman of Nasdaq. Madoff was arrested by U.S. authorities last week.

Following are some of the firms exposed:

* FAIRFIELD GREENWICH GROUP - The alternative investment specialist said in a statement on its website it had invested approximately $7.5 billion in vehicles connected to Madoff, or half of its assets.

* BANCO SANTANDER SA - Spain’s largest bank said its investment fund, Optimal, has a 2.33 billion euro ($3.05 billion) exposure to Madoff Securities.

* TREMONT HOLDINGS INC - The hedge fund group’s Rye Investment Management unit had virtually all of its assets invested with Madoff and lost roughly $3 billion, people familiar with Tremont said. Tremont is a unit of Massachusetts Mutual Life Insurance Co (MassMutual). MassMutual said its indirect exposure to Madoff funds was less than $10 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.

* FORTIS NV - The Dutch banking unit of the group recently acquired by the Dutch government said it may have a loss of up to 1 billion euros ($1.35 billion) due to loans made to funds that invested in Madoff Securities.

* HSBC HOLDINGS PLC - The banking and financial services group said it has potential exposure of $1 billion after providing financing to a small number of institutional clients who invested in funds with Madoff.

* BENBASSAT & CIE - The Swiss private bank has an exposure of $1.1 billion francs ($935 million), according to Le Temps. Benbassat said in a statement it is reviewing the potential damages caused to its clients. It gave no data but said the fraud appears “massive and spread amongst several large investor bases.” Benbassat acts as a distributor of Thema International Fund PLC, an Irish registered fund that has invested in Madoff.

* UNION BANCAIRE PRIVEE - The 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. UBP has so far declined to comment.

* NATIXIS SA - The French bank said it could have a 450 million euro ($602 million) indirect exposure to Madoff.

* ROYAL BANK OF SCOTLAND GROUP PLC - The bank 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 ($598 million).

* BNP PARIBAS SA - France’s largest listed bank said it has a potential 350 million euro ($464 million) exposure.

* SWISS LIFE - The insurer said its exposure to Madoff amounted to about 90 million Swiss francs ($80.07 million), or less than 0.1 percent of its assets under management.

* REICHMUTH & CO - Reichmuth & Co. said in a statement on Saturday the exposure of fund Reichmuth Mattehorn amounted to about 3.5 percent of its 11 billion assets, or about $325 million.

* BBVA - Spain’s second-largest bank said its international operation has about 30 million euros of exposure to Madoff, and it sees a maximum potential loss from Madoff-linked investments of 300 million euros ($404 million).

* MAN GROUP PLC - The U.K. hedge fund said RMF, its fund of funds business, has about $360 million invested in two funds that are directly or indirectly subadvised by Madoff.

* DEXIA SA - The Belgian bank said private banking clients had exposure to funds invested in Madoff of 78 million euros ($107 million). Said bank was exposed through lending operations to funds exposed to Madoff funds to up to 164 million euros ($224 million).

* NOMURA HOLDINGS INC - Japan’s biggest brokerage said it had a 27.5 billion yen ($303 million) exposure related to Madoff, but the impact on its capital would be limited.

* MAXAM CAPITAL MANAGEMENT LLC - The fund has lost about $280 million on funds invested with Madoff, a source familiar with the situation said.

* EIM GROUP - Bill Glass, partner and head of business development at the EIM Group, said the group has under $230 million of exposure to Madoff, in response to a weekend report by Le Temps which put EIM’s exposure at $230 million.

* AOZORA BANK LTD - The Japanese bank said it had an estimated 12.4 billion yen ($137 million) indirect exposure to Madoff through invested funds. It said it expected only limited impact on its capital.

* CREDIT INDUSTRIEL ET COMMERCIAL SA - Credit Mutuel’s unit CIC said it could have maximum 90 million euros ($126.1 million) exposure to Madoff.

* UNICREDIT SPA - The Italian bank said its own exposure to Madoff’s alleged fraud is about 75 million euros ($101 million). Some funds in its Pioneer Investments unit “are exposed to Madoff indirectly through feeder funds,” it said.

* UBI BANCA - The Italian bank said its exposure to Madoff amounted to 60.4 million euros ($84.63 million).

* NORDEA BANK AB - The Nordic region’s biggest bank said its pension clients had an indirect exposure of 48 million euros ($66 million) to the alleged fraud.

* 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.

* THE TOWN OF FAIRFIELD, CONN. EMPLOYEES PENSION FUND - The Connecticut pension fund said it had about $40 million managed by Madoff.

* BALOISE - The Swiss insurer will have to write down $13 million after investing in hedge fund Kingate Global, which in turn invested in Madoff’s investment vehicle.

* AUSTIN CAPITAL MANAGEMENT - The company managed money for the Massachusetts state pension fund, which lost $12 million with Madoff, it said.

* BANK MEDICI - The closely held Austrian bank serving wealthy clients and institutional investors, said it held products affected by the fraud, but was not at risk in case of a loss. It declined to say how big the exposure was.

* KINGATE GLOBAL FUND LTD - The $2.8 billion hedge fund run by Kingate Management Ltd had invested in Madoff Investment Securities, according to sources.

* UBS AG - The investment bank unit of the Swiss financial group said it has a limited and insignificant counterparty exposure.

* BRAMDEAN ALTERNATIVES LTD - U.K. asset manager, headed by well known fund manager Nicola Horlick, said 9.5 percent of its holdings were exposed to Madoff.

* BOSTON PROPERTIES INC - Chairman Mort Zuckerman told CNBC television that about 10 percent of one of his charitable trusts was invested with Madoff and had lost about $30 million.

* CHAIS FAMILY FOUNDATION - The group, which donates about $12.5 million annually to Jewish causes, said it will be forced to close after the entire fund was invested with Madoff.

($1=1.124 Swiss Franc)

($1=.7137 Euro)

Reporting by Reuters bureaus, compiled by Lisa Jucca, Muralikumar Anantharaman and Steve Slater; editing by Jeffrey Benkoe and Simon Jessop

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