The complaints allege that the banks enabled the Madoff Ponzi scheme by opening a spigot of new money into the Madoff feeder
fund network, by creating and offering derivative investment products linked to various Madoff feeder funds,'' the trustee, Irving Picard, said in the statement.
The venture will be the latest addition to the emerging global private-equity
fund network of CDFH, with a heavy emphasis on investments in China, which will generate some 30% of its total profits in three to five years.
Chinese fixed-line operator China Netcom Corp is planning to issue CNY 5bn ($604m) in corporate bonds this year in order to
fund network expansions ahead of an overseas listing next year.
Microsoft will provide advertisements across the top of the Internet browsers of the network's users, with ad revenue used to
fund network operations.
The Frontier Fund, part of the RAIN(R)
fund network, is currently capitalized at more than $800,000 with plans to expand up to $1.
The addition of this fund brings the total number of funds available to retail investors through TD Waterhouse's Mutual
Fund Network to 11,217.
As at September 30, 2005, the
Fund Network is comprised of 262 franchise agreements, operating from 561 locations serviced by 10,514 agents and 823 sales representatives.
Peter Mangan, who built Jack White's mutual
fund network, is the person in the TD Waterhouse organization with the experience and the drive to take our mutual fund business to the next level," says Petrilli.
LOUIS, June 3 /PRNewswire/ -- More than 200 members of the National Fuel
Fund Network will mark the organization's 20th anniversary by returning to its roots in St.
Secures $75M in new debt financing to
fund network expansion
Through cooperation with the RAIN(R)
fund network, businesses in the Mankato area will have access to literally millions of dollars of investment capital.
Through cooperation with the RAIN(R)
fund network, businesses in the Rock Rapids area will have access to literally millions of dollars of investment capital.
