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Economia » Noticias

 Spain regulator sees Madoff affecting 224 funds

16 de Diciembre de 2008 • 10:57hs

MADRID, Dec 16 . - A total of 224 funds and

investment vehicles operating in Spain could have exposure to

Bernard Madoff's investment management business, Spanish stock

market regulator CNMV said on Tuesday.

In a statement, the CNMV said that according to the most

recent data available, the direct exposure of these funds to

Madoff was 106.9 million euros ($146.1 million) at October 31.

The regulator did not reveal the names of the funds

affected, but said 30 fund management institutions are involved.

New York-based Madoff Securities hedge fund is at the centre

of an alleged $50 billion fraud.

(Reporting by Robert Hetz; Writing by Judy MacInnes)

($1=.7318 Euro)


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