| 词条 | Tremont Group |
| 释义 |
| name = Tremont Group | logo = | caption = | trading_name = | native_name = | native_name_lang = | romanized = | former type = | type = Hedge fund | traded_as = | industry = Asset Management | genre = | fate = | predecessor = | successor = | foundation = 1985 | founder = Sandra Manzke | defunct = | location_city = Rye, New York | location_country = U.S. | locations = | area_served = | key_people = | products = | production = | services = Hedge funds, one of which was a feeder fund to Bernard Madoff's Ponzi scheme | revenue = | operating_income = | net_income = | aum = | assets = | equity = | owner = | num_employees = | parent = Massachusetts Mutual Life Insurance Company | divisions = Rye Investment Management | subsid = | homepage = {{URL|tremont.com/}} | footnotes = | intl = | bodystyle = }}Tremont Group Holdings, Inc., a Delaware corporation headquartered in Rye, New York, is a hedge fund that was a feeder fund to Bernard Madoff's investment advisory firm in the Madoff investment scandal.[1][2][3][4][5][6] It was the second-largest feeder fund to Madoff's firm, after Fairfield Greenwich, and received fees of 2% of assets for doing so.[7][8] HistoryTremont Group was founded in 1985 by money manager Sandra Manzke, who was its chief executive officer from May 1994 to August 2000, and co-CEO until 2005.[9][10][11] It owns Tremont Partners and Tremont Capital Management (formerly Tremont Advisers), a hedge fund of funds.[11][12] Tremont Holdings also has offices in London, Toronto, and Hong Kong.[13][14] Its subsidiaries are regulated by the U.S.'s Securities and Exchange Commission and National Association of Securities Dealers, the U.K.'s Financial Services Authority, the Ontario Securities Commission, and the Hong Kong Securities and Futures Commission.[13] Tremont Group invested with Madoff starting in 1997 via its Rye Investment Management division, headquartered in Rye, New York. Tremont Group closed the Rye Investment Management division in January 2009.[5][10][15][16][17] Massachusetts Mutual Life Insurance Company's Oppenheimer Funds Inc. unit paid $140 million to purchase Tremont from Manzke in 2001.[15][16][18][19] Manzke left Tremont in 2005.[20]In January 2006, Rupert A. Allan became President of Tremont Group.[13] In June 2007, he was also named CEO of Tremont Group, replacing Schulman, who remained chairman of Tremont Group until his retirement in July 2008.[13][17][21] Madoff scheme falloutThe hedge fund lost $3.3 billion, representing more than half its assets, in the Madoff investment scandal.[22][23][24] When the scheme was uncovered in December 2008, Brad Alford, who runs Alpha Capital Management LLC, which helps clients choose hedge funds, said: It's mind-boggling that people like Tremont ... had been doing this for so long. It's the job of these funds of funds to be doing due diligence. That's why they get paid.[8] Madoff scheme litigationIn April 2010, Judge Thomas Griesa, of the U.S. District Court for the Southern District of New York dismissed a lawsuit by Tremont Group investors against Tremont's auditor, KPMG, which charged that KPMG had failed to discover the fraud in its audits of Tremont and was therefore liable to the investor.[25] Judge Griesa held that KPMG could not be sued, because there was no intent to deceive.[25] He wrote: "Merely alleging that the auditor had access to the information by which it could have discovered the fraud is not sufficient."[25] In December 2010, Irving Picard, the court-appointed trustee in the Madoff bankruptcy, sued Tremont for over $3 billion in customer money that Tremont lost by investing with Madoff.[16] The lawsuit alleged that Tremont failed to perform independent, reasonable, and meaningful due diligence of Madoff.[16][26] In July 2011, Tremont Group agreed to settle the lawsuit by paying a $1 billion cash settlement.[26][27] See also
References1. ^{{cite web|url=http://rossbizlaw.com/downloads/Askenazy%20doc%2012847.pdf |author=Janet L. Sanders, Justice |title=Askenazy v.Tremont Group Holdings; Opinion |publisher=Superior Court of Massachusetts |date= January 26, 2012|accessdate=February 12, 2013}} 2. ^{{cite book|url=https://books.google.com/books?id=xBu7wurwXVsC&pg=PA216&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CD0Q6AEwAg#v=onepage&q=%22Tremont%20Group%22&f=false |title=History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff |author=David E. Y. Sarna |publisher=John Wiley & Sons |year= 2010 |page=216|accessdate=February 12, 2013}} 3. ^{{cite book|url=https://books.google.com/books?id=xhbStL10aywC&pg=PT225&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CEMQ6AEwAw#v=onepage&q=%22Tremont%20Group%22&f=false |title=Too Good to Be True: The Rise and Fall of Bernie Madoff |author=Erin Arvedlund |publisher=Penguin Books |year=2009 |accessdate=February 12, 2013}} 4. ^{{cite book|url=https://books.google.com/books?id=ZNdC8rLXThoC&pg=PA40&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CFsQ6AEwBw#v=onepage&q=%22Tremont%20Group%22&f=false |title=Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America |author=David Callahan |page=40|publisher=John Wiley & Sons |year= 2010 |accessdate=February 12, 2013}} 5. ^1 {{cite web|url=https://docs.google.com/viewer?a=v&q=cache:k214KdykHbsJ:courts.state.de.us/opinions/download.aspx%3FID%3D182330+&hl=en&gl=us&pid=bl&srcid=ADGEESh_9UP6aVx8c8wps6B9iG1dfHkX_0mDWzA3TJNdvXKU9bq6L38JXaQ8Jn2-cnnsAxeP27ksabHp1FsdN4hQ1JgYodzgBkk3TkaqRYRpkli41hXvO8_7otKeeNbYg-YlUoGUlb7Y&sig=AHIEtbSDCiKuRhdPv07GD-iOhoD96LFkww |author=Parsons, Vice Chancellor |title=Metropolitan Life v. Tremont Group Holdings; Opinion |publisher=Delaware Court of Chancery |date= December 20, 2012|accessdate=February 12, 2013}} 6. ^{{cite web|url=https://caselaw.findlaw.com/ca-court-of-appeal/1560509.html|author= Johnson, J., Mallano, P. J.Chaney, J. |title=White v. Manzke |publisher=CA Court of Appeal |date=March 23, 2011 |accessdate=February 12, 2013}} 7. ^{{cite book|url=https://books.google.com/books?id=Nndr6gDhn9oC&pg=PA397&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CE8Q6AEwBQ#v=onepage&q=%22Tremont%20Group%22&f=false |title=The Wizard of Lies: Bernie Madoff and the Death of Trust |author=Diana B. Henriques |pages=319, 397–98 |publisher=Macmillan Publishers |year=2011 |accessdate=February 12, 2013}} 8. ^1 {{cite news|last=Burton |first=Katherine |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0TEG4yetMg4 |title=Fairfield Sent Madoff $7.3 Billion as Funds Took Fees |publisher=Bloomberg L.P. |date=December 15, 2008 |accessdate=February 12, 2013 |deadurl=yes |archiveurl=https://web.archive.org/web/20130224020914/http://www.bloomberg.com/apps/news?pid=newsarchive |archivedate=February 24, 2013 }} 9. ^{{cite news|last=Baker |first=Stephanie |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2IT6Y4JmC48 |title=Uma Thurman No Help to Arpad Busson in Madoff Fraud's Nightmare |publisher=Bloomberg L.P.|date=January 7, 2009 |accessdate=February 12, 2013}} 10. ^1 {{cite news|url=https://dealbook.nytimes.com/2009/04/20/massmutual-distances-itself-from-madoff-hedge-fund-losses/ |title=MassMutual Distances Itself from Madoff Hedge Fund Losses |work=The New York Times |date=April 20, 2009 |accessdate=February 12, 2013}} 11. ^1 {{cite web|url=https://caselaw.findlaw.com/ca-court-of-appeal/1560509.html |title=White v. Manzke |publisher=CA Court of Appeal |date=March 23, 2011 |accessdate=February 13, 2013}} 12. ^{{cite web|url=http://biz.yahoo.com/ic/101/101157.html |title=Tremont Group Holdings, Inc. Company Profile |publisher=Yahoo! Finance |year=2013 |accessdate=February 13, 2013}} 13. ^1 2 3 {{cite press release|url=http://www.prnewswire.co.uk/news-releases/tremont-group-holdings-announces-expanded-executive-role-for-its-president-153348855.html |title=Tremont Group Holdings Announces Expanded Executive Role for Its President |location=Rye, New York |agency=PR Newswire |date=June 1, 2007 |accessdate=February 13, 2013}} 14. ^{{cite web|url=http://www.hoovers.com/company-information/cs/company-profile.Tremont_Group_Holdings_Inc.6441d6b1d2b646bc.html |title=Tremont Group Holdings, Inc. | Company Profile |publisher=Hoover's |year=2013 |accessdate=February 13, 2013}} 15. ^1 {{cite news|last=Herbst |first=Svea |url=http://uk.reuters.com/article/2009/01/28/hedgefunds-tremont-idUKN2852733320090128 |title=Tremont shuts down Rye, talk surfaces about future |agency=Reuters |date=January 28, 2009 |accessdate=February 12, 2013}} 16. ^1 2 3 {{cite news|url=http://www.boston.com/business/articles/2010/12/09/trustee_in_madoff_case_sues_insurer/ |title=Trustee in Madoff case sues insurer |work=Boston Globe |date=December 9, 2010 |accessdate=February 12, 2013}} 17. ^1 {{cite web|url=http://www.pionline.com/article/20070416/REG/70413023 |title=T. Rowe Price chooses new international stock chief |publisher=Pensions & Investments |date=April 16, 2007 |accessdate=February 12, 2013}} 18. ^{{cite news|last=Amon |first=Elizabeth |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQUOZCtJOUxI&refer=germany |title=Fairfield, Mol, Lehman, UBS, Madoff in Court News |publisher=Bloomberg L.P. |date=December 23, 2008 |accessdate=February 12, 2013}} 19. ^{{cite news|last=Vidya |first=Sree |url=https://www.bloomberg.com/apps/news?sid=aZWEWEtbSWp8&pid=newsarchive |title=OppenheimerFunds Cuts 9% of Workforce as Assets Fall |publisher=Bloomberg L.P. |date=January 29, 2009 |accessdate=February 12, 2013}} 20. ^{{cite news|last=McCarty |first=Dawn |url=https://www.bloomberg.com/news/2010-12-09/madoff-trustee-sues-former-tremont-capital-ceo-manzke-over-stolen-money-.html |title=Madoff Trustee Sues Former Tremont Capital CEO Manzke Over 'Stolen Money' |publisher=Bloomberg L.P. |date=December 8, 2010|accessdate=February 12, 2013}} 21. ^{{cite news|url=http://uk.reuters.com/article/2008/06/26/financial-moves-idUKBNG24753720080626 |author= Dan Wilchins, Kuganandhan Paramanandan, Carol Bishopric|title=MOVES-Tremont, Sagent, Deutsche Bank, State Street |agency=Reuters |date=June 27, 2008 |accessdate=February 13, 2013}} 22. ^{{cite book|url=https://books.google.com/books?id=Ko_ZM_JFipUC&pg=PA43&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CIkBEOgBMA8#v=onepage&q=%22Tremont%20Group%22&f=false |title=Con Game: Bernard Madoff and His Victims |author=Lionel S. Lewis |page=43|publisher= Transaction Publishers|year= 2011 |accessdate=February 12, 2013}} 23. ^{{cite book|url=https://books.google.com/books?id=GiQMr5w1N_kC&pg=PA513&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CI4BEOgBMBA#v=onepage&q=%22Tremont%20Group%22&f=false |title=Business Ethics 2009: Ethical Decision Making and Cases |page=408|author1=O. C. Ferrell |author2=John Fraedrich |author3=Linda Ferrell |publisher=Cengage Learning|year=2009 |accessdate=February 12, 2013}} 24. ^{{cite book|url=https://books.google.com/books?id=rnumWGCArdQC&pg=PT112&dq=%22Tremont+Group%22&hl=en&sa=X&ei=RJcaUdreEObp0gH32IDwCA&ved=0CKIBEOgBMBM |title=How to Smell a Rat: The Five Signs of Financial Fraud |author1=Ken Fisher |author2=Lara W. Hoffmans |publisher=John Wiley & Sons |year= 2010|accessdate=February 12, 2013}} 25. ^1 2 {{cite news|url=http://in.reuters.com/article/2010/03/31/kpmg-madoff-idINN3123563820100331 |author1=Emily Chasan |author2=Andre Grenon |title=KPMG wins dismissal of Madoff feeder fund lawsuit |agency=Reuters |date=April 1, 2010 |accessdate=February 13, 2013}} 26. ^1 {{cite news|last=Bray |first=Chad |url=https://www.wsj.com/articles/SB10001424053111904888304576474241349358816?mod=googlewsj |title=Madoff Trustee Reaches $1 Billion Settlement With Feeder |work=The Wall Street Journal |date=July 29, 2011 |accessdate=February 12, 2013}} 27. ^{{cite web |url=http://www.businessweek.com/news/2011-09-22/judge-approves-madoff-trustee-settlement-with-tremont-funds.html |title=Judge Approves Madoff Trustee Settlement With Tremont Funds |first=Linda |last=Sandler|date=September 22, 2011|accessdate=February 27, 2013|work=Bloomberg Businessweek}} External links
7 : Madoff investment scandal|Rye, New York|Hedge funds|Companies based in Westchester County, New York|Companies established in 1985|Privately held companies based in New York (state)|1985 establishments in New York (state) |
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