In the Margins

PwC to pay $55m to Madoff feed fund investors

January 7, 2016

By Reuters

PricewaterhouseCoopers will pay $55 million to settle claims it failed to properly audit the books of Fairfield Greenwich Group, the biggest operator of feeder funds for Bernard Madoff. The all-cash settlement with Fairfield Greenwich investors was disclosed on Wednesday night in filings with the Manhattan federal court. PwC denied wrongdoing in agreeing to settle. Read the original story from Reuters

 

 

Most Read

10 Things
10 Ways…to improve fund board diversity

Mutual fund directors are increasingly interested in enhancing diversity on their boards. The following practical tips on improving board diversity are derived from discussions with directors, ...