The Federal Bureau of Investigation said that it was seeking to identify potential ??victims? who invested in companies associated with Sir Allen Stanford as part of an ongoing investigation.
Ex Merrill executives invested in Madoff (Fund News)
The Wall Street Journal reported on Thursday that top former Merrill Lynch executives, including two former chief executives, invested in hedge funds that lost money with Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date.
Institutions surpass wealthy individuals as largest hedge fund investors (Fund News)
According to research by The Alternative Investment Management Association (AIMA), institutional investors such as pension funds and university endowments now account for more than half of the estimated $1.4 trillion hedge fund industry's assets, surpassing wealthy individuals.