Combined loss of $280 million. "I'm wiped out," said Sandra Manzke, Maxam's founder and chairman. The Darien, Conn., fund of hedge funds will have to close as a result of the losses, she said. (WSJ)

Madoff Feeder Sues Own Auditors for Not Finding Fraud By Thom Weidlich Feb. 2 (Bloomberg) -- A Maxam Capital Management LLC fund that placed all of its $280 million in holdings with alleged

Madoff was hunting for new investors as scandal hit Date: Tuesday, December 23, 2008 Author: James Mackintosh, Financial Times Bernard Madoff had been trying to raise new money when he was arrest

Maxam hedge fund sues auditors over Madoff losses NEW YORK (Reuters) - Maxam Absolute Return Fund LP, a hedge fund, on Friday said it filed a lawsuit against auditors Goldstein Golub Kessler LLP an