Safra Group denies involvement with Madoff (Fund News)
The FT reports that Banco Safra of São Paulo for several years marketed a fund called Zeus Partners Limited. The fund acted as a feeder fund to Bernard Madoff Securities.
Barclays walks away from Endeavour rescue (Fund News)
Endeavour, the $3bn London hedge fund that lost a quarter of its value in a single day last year, is in the final stages of shutting its flagship fund after Barclays walked away from a planned rescue.
Santander plans to repay Madoff victims (Fund News)
Santander on Tuesday night offered private clients to repay 100 per cent of the investments made in the Optimal Strategic US Equity fund, which was wholly invested with Mr Madoff. In exchange, clients would have to agree not to sue.