J. Ezra Merkin disclosed that his Ariel Fund Ltd. and Gabriel Capital LP each plunged more than 40 percent during the fourth quarter, primarily on losses tied to Bernard Madoff and private-equity securities.
Merkin Reports Two Funds Lost More Than 40% on Madoff (Update1) By Miles Weiss and Josh Fineman Feb. 13 (Bloomberg) -- J. Ezra Merkin disclosed that his Ariel Fund Ltd. and Gabriel Capital LP e