Both firms had over 50% of their capital allocated to Madoff. Some $3.1 billion of $5.8b at Tremont Capital and $7.5 of $14.1 billion at Fairfield Greenwich.
The reputations of the firms' has been destroyed. No high net worth advisory firm, fund of funds, or institution can have that type of risk.
http://bloomberg.com/apps/news?pid=20601087&sid=aCT_aoIRYqRg&refer=home
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