| Company type | Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund |
|---|---|
| Founded | December 1996 |
| Headquarters | , Ireland |
| Products | feeder fund for Bernard Madoff's securities investment firm (Bernard L. Madoff Investment Securities LLC) |
| Total assets | $1.1 billion (purported net asset value; as of 30 November 2008) |
| Subsidiaries | Thema Fund |
Thema International Fund PLC, based in Dublin, Ireland, is a Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund incorporated in Ireland, which was launched in December 1996.[1][2][3][4][5][6] It created only one sub-fund, the Thema Fund.[3] The fund had a minimum investment requirement of $50,000.[1]
Thema Fund acted as a feeder fund for Bernard Madoff, seeking funds from investors and channeling them to Madoff Securities. As of November 2008, the then-purported net asset value invested in the fund was $1.1 billion. The fund stopped providing redemptions in December 2008, shortly after the Madoff investment scandal broke, and it was discovered that Madoff was running a Ponzi scheme.[7]
- ^ a b "TIFHUQD Quote – Thema International Fund PLC – Thema Fund". Bloomberg. 28 November 2008. Archived from the original on 22 April 2012. Retrieved 5 April 2016.
- ^ Jerome De Lavenere Lussan (2012). The Financial Times Guide to Investing in Funds: How to Select Investments, Assess Managers and Protect Your Wealth. FT Press. ISBN 9780273732853. Retrieved 9 February 2013.
- ^ a b Nigel Feetham, Grant Jones (2010). Protected Cell Companies: A Guide to Their Implementation and Use (Second ed.). Spiramus Press Ltd. ISBN 9781904905929. Retrieved 9 February 2013.
- ^ Erin Arvedlund (2009). Too Good to Be True: The Rise and Fall of Bernie Madoff. Penguin. ISBN 9781101137789. Retrieved 9 February 2013.
- ^ Schneeweiss, Zoe (31 December 2008). "Bank Medici Manages Up to $3.2 Billion of Assets Tied to Madoff". Bloomberg. Retrieved 9 February 2013.
- ^ Martin de Sa'Pinto (20 January 2009). "Madoff exposure went beyond the ultra-rich". UK Reuters. Archived from the original on 25 April 2016. Retrieved 9 February 2013.
- ^ "HSBC to settle Madoff US class action relating to Thema UCITS Fund". HSBC. 7 June 2011.[permanent dead link]