Reports Tremont Group Had $3.3B With Madoff

According to reports from Bloomberg, Tremont Group, a hedge-fund owned by OppenheimerFunds, invested $3.3 billion with Bernard Madoff.

Tremont's Rye Investment Management unit had $3.1 billion or virtually all its assets invested with Madoff. Tremont had another $200 million invested through its fund of funds group.

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