SUBJECT-11477.dossier · company · status: archived
KF
subject of file

Kingate Global Fund

Offshore (BVI) BLMIS feeder fund advised by FIM Advisers
Tracked because Major offshore conduit of victim capital into BLMIS; demonstrates the cross-border footprint of the feeder network.
Editorial summary · AI-drafted from public records

British Virgin Islands–domiciled feeder fund advised by FIM Advisers (London) under principals Carlo Grosso and Federico Ceretti. With its sister Kingate Euro Fund, Kingate routed roughly $1.7 billion of customer assets into BLMIS by the time of the December 2008 collapse.

Facts on record4
Connections mapped8
Sources cited7
✦ Thin coverage gap +22 connected to 8 entities · only 4 facts on record · flagged for follow-up research
Evidence: 4S
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
Connection Map
Key Connections
→ Federico Ceretti person
Principal
Federico Ceretti was a principal of FIM Advisers (London), which advised the Kingate Global Fund.
← Bernie Madoff person
feeder_fund
Kingate Management Limited operated the Kingate Global Fund, which channeled approximately $2.8 billion from investors into Madoff's scheme.
← Carlo Grosso person
managed
Carlo Grosso was co-principal of FIM Advisers (London), which managed the Kingate Madoff feeder structure in the British Virgin Islands.
Facts (4)
Data Freshness
Ageing Last update: 159d ago · Avg age: 249d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (2)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Partially Corroborated In 2014 Kingate liquidators reached a settlement with the BLMIS SIPA Trustee Irving Picard, contributing several hundred million dollars to the customer-recovery pool over subsequent years.
✓ verified Partially Corroborated British Virgin Islands–domiciled feeder fund advised by FIM Advisers (London), led by principals Carlo Grosso and Federico Ceretti; with its sister Kingate Euro Fund routed roughly $1.7 billion of customer assets into BLMIS by the time of the December 2008 collapse.
○ Secondary Records (2)
Sourced from press reports, corporate disclosures, and third-party citations. Awaiting independent re-check by the verification pipeline.
Partially Corroborated The settlement proceeds contributed by Kingate liquidators likely flowed into the BLMIS customer recovery pool over several years, not as a single lump sum, because the SIPA trustee typically distributes funds in pro-rata interim distributions to customers as cash becomes available from multiple settlements.
Partially Corroborated The exact amount contributed by Kingate—whether 'several hundred million' is accurate—has not been publicly broken out separately in any single public disclosure, as Picard's global recovery reports aggregate all settlement proceeds from feeder funds.
All Connections (8)
→ Federico Ceretti person
Principal primary since 2008
Federico Ceretti was a principal of FIM Advisers (London), which advised the Kingate Global Fund.
subsidiary, parent_subsidiary secondary
Kingate Management Limited (BVI) was the management vehicle for Kingate Global Fund and Kingate Euro Fund — the BVI-domiciled BLMIS feeders advised by FIM Advisers (London).
feeder_fund secondary
Kingate Global Fund (BVI), advised by FIM Advisers under Carlo Grosso and Federico Ceretti, with its sister Kingate Euro Fund routed roughly $1.7 billion of customer assets into BLMIS by the December 2008 collapse.
← Irving H. Picard person
settlement inferential since 2014-01-01
Kingate Global Fund liquidators reached a settlement with the BLMIS SIPA Trustee Irving Picard in 2014, contributing several hundred million dollars to the customer-recovery pool over subsequent years.
← Bernie Madoff person
feeder_fund primary since 2008
Kingate Management Limited operated the Kingate Global Fund, which channeled approximately $2.8 billion from investors into Madoff's scheme.
← Frank DiPascali person
feeder fund inferential since 2009
Kingate was a feeder fund; DiPascali's fabricated trades supported this fund's investments.
← Mark Madoff person
affiliation secondary since 2008
Kingate Global Fund was a feeder fund that invested in BLMIS during Mark Madoff's time as co-director of operations.
← Carlo Grosso person
managed primary since unknown
Carlo Grosso was co-principal of FIM Advisers (London), which managed the Kingate Madoff feeder structure in the British Virgin Islands.
Sources (7)
2026-05-10 UNVERIFIED SEARCH_ERROR: Kingate Global Fund not found in opencorporates claim_flag Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — USASpending contracts (no results) contract Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — Corporate registrations (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — SEC filings (no results) sec_filing Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — Court records (no results) court_document Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: Kingate Global Fund — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt