The largest Spanish bank earned nearly $100 million in management fees in 2006 and 2007 combined selling the feeder fund.

Picard is seeking to recover almost $7 billion from Fairfield, claiming that it had facilitatied the fraud as a set of feeder funds.

Eight lawsuits against Madoff's biggest "feeder funds" and other investors seek a total of $13.7 billion in damages.

(c)the fund and the feeder fund have the same manager (or proposed manager).

Fairfield offered feeder funds of single-strategy trading managers.

A feeder fund is an investment fund which does almost all of its investments through a master fund via a master-feeder relationship.

Madoff depended on feeder funds to funnel investor deposits directly to him.

Merkin has been sued for his role in running a "feeder fund" for Madoff.

According to The Wall Street Journal the investors with the largest potential losses, including feeder funds, are:

These feeder funds exist in the United States, which is an area with a single supervisory authority and a single legal system.