Swiss bank cancels hedge fund merger after Madoff exposure

Banque Bénédict Hentsch, a Swiss private bank in the process of merging with US hedge fund Fairfield Greenwich Group, has axed the tie-up after both firms disclosed exposure to investments linked to Bernard Madoff, the US billionaire accused of securities fraud.

Banque Bénédict Hentsch says the termination of its three-month partnership with New York-based Fairfield Greenwich Group is immediate.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It