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12 Mar 2009

Madoff Linked Fund Manager Sells NY Condo

A hedge fund manager and his partner recently sold their NY condo in Midtown East/Turtle Bay for $1.049 million, according to the Manhattan Blockshopper.

David S. Upson III is the director of hedge fund research, managing director and partner at CTC Consulting, Inc., an investment consulting firm in New York City.

Although there were some links in a court filing to the Madoff hedge fund, CTC says that none of its present and past employees have ever been clients of the Madoff hedge fund, however, according to a statement this month, CTC did provide the performance data given to them by the Madoff funds upon request.

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