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Bernard Madoff's Sons Told Prosecutors of Jewelry Transfer, Lawyer Says The sons of Bernard Madoff, who is accused of running a $50 billion Ponzi scheme, told prosecutors last week their father violated a court-ordered asset freeze by mailing them jewelry, watches and other items, his lawyer said.

Paolo Pellegrini, Paulson's Former Fund Manager, Will Avoid Equity Markets Paolo Pellegrini, the former Paulson & Co. hedge-fund manager who helped make more than $3 billion with bets on a U.S. housing crash, said his new fund will avoid equity markets after last year’s rout.

Agency Bills Gain as `Next Least Risky' Debt, Federated's Cunningham Says Yields on short-term Fannie Mae, Freddie Mac and Federal Home Loan Bank debt have tumbled relative to U.S. Treasuries because investors are flocking to funds with safe returns that exceed record-low government rates, Federated Investors Inc.’s Debbie Cunningham said.

Morgan Stanley Loses Ground in M&A Advisory to Moelis, Perella Boutiques Morgan Stanley lost ground counseling companies on takeovers last year as boutique advisory firms Moelis & Co. and Perella Weinberg Partners gained market share in the slowest period for deal-making since 2003.

Madoff Investor Suing Over $10 Million 11th-Hour Transfer May Wait Months The family that gave Bernard Madoff $10 million six days before he was charged with running a $50 billion Ponzi scheme may have to wait months before a judge considers its lawsuit to recover the money.

Asia Genesis Says It Expects to Struggle to Raise Money for New Hedge Fund Asia Genesis Asset Management Pte, whose Japan Macro Fund outperformed competitors last year, says it will be tough to raise money for an Asian hedge fund it plans to start this month.

Bob McCann, Head of Merrill Lynch's Brokerage Unit, Leaves After 26 Years Merrill Lynch & Co. brokerage head Bob McCann plans to leave the company less than a week after Bank of America Corp. completed its acquisition of the securities firm.

Ameriprise Clients Left in Lurch With Paris Hilton Flop Among Rogue Deals Working out of an Ameriprise Financial Services Inc. branch in Orlando, Florida, Christopher Coulther offered his clients a deal that was hard to resist. Promising a 100 percent return on Costa Rican real estate, he enticed 98 people to invest almost $12 million.

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