Thursday, May 14, 2009

KeyCorp Liquidates Fund Linked to Madoff

According to this article in Reuters, KeyCorp will be liquidating an investment fund that is tied to the Madoff scheme, after its investors suffered losses of up to $186 million.

It plans to close its Safe Harbor Fund and return clients' money according to a statement they released on Wednesday. What are some other funds that are returning clients' money that were lost due to Madoff's scheme?

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