Thema International Fund
| Company type | Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund |
|---|---|
| Founded | December 1996 |
| Headquarters | Dublin , Ireland |
| Products | feeder fund for Bernard Madoff's securities investment firm (Bernard L. Madoff Investment Securities LLC) |
| Total assets | $1.1 billion (purported net asset value; as of 30 November 2008) |
| Subsidiaries | Thema Fund |
Thema International Fund PLC, based in Dublin, Ireland, is a Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund incorporated in Ireland, which was launched in December 1996. It created only one sub-fund, the Thema Fund. The fund had a minimum investment requirement of $50,000.
Thema Fund acted as a feeder fund for Bernard Madoff, seeking funds from investors and channeling them to Madoff Securities. As of November 2008, the then-purported net asset value invested in the fund was $1.1 billion. The fund stopped providing redemptions in December 2008, shortly after the Madoff investment scandal broke, and it was discovered that Madoff was running a Ponzi scheme.