Optimal Strategic US Equity and Optimal Arbitrage managed by
Optimal Investment Services, a wholly owned indirect subsidiary
of Banco Santander, have entered into an agreement with Irving
H. Picard, the Trustee for the liquidation of Bernard L. Madoff
Investment Securities (BLMIS). Under the agreement, the Trustee
will allow the funds' claims in the liquidation proceedings and
will reduce claw-back demands on the funds, in exchange for the
funds' payment of the reduced...