Madoff investors target feeder commissions-lawyer
* Lawyer says investors may ask feeders to refund fees
* Says some feeders may have passed on fees to advisors
* SFO investigates London-based FIM Advisors
* Kingate feeders made millions in fees and commissions
ZURICH, April 9 (Reuters) - Investors who lost money in the Bernard Madoff fraud by investing via feeder funds are likely to demand a fees refund, but locating what may total hundreds of millions of dollars in fees may be a complex matter, a lawyer for some of the investors said on Thursday.
Geneva-based lawyer Franco Foglia is advising clients who lost money in investments channelled through London-based consultant FIM Advisors to two Madoff feeder funds run by Kingate Management Ltd of Bermuda.
UK law enforcers are probing the role of FIM in the Kingate funds. FIM also advises on $2 billion of assets invested in other funds, some of which had limited exposure to Kingate. Continued...
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