Posts Tagged ‘Bank of New York Mellon
Ivy Closes Amidst Madoff Probe
Ivy Asset Management is being closed amid news that the Bank of New York Mellon is probing the hedge fund’s relationship with Ponzi schemer Bernie Madoff. Ivy clients, including several upstate New York pension funds, reportedly lost more than $100 million in Madoff’s scam. According to FINalternatives, the Bank is encouraging Ivy clients to move [...]
Loading ...