Tigers Singed, Slightly

Michael W. Sonnenfeldt, founder of Tiger 21, also chairs an investment company, Muus. The Muss Independence Fund, a fund of funds, attracted investments from some Tiger 21 members, according to Robert Frank's Wealth Report. About 7% of the fund, which closed down last year, was invested with Madoff.

Apparently Tiger 21 members also invested with Madoff on their own. Sonnenfeldt tells Frank that none went whole hog.

Note the comments to the Wealth Report post. Cap Gemini seems to expect the world millionaire count for 2008 to be about the same as the previous year. Frank is understandably dubious.