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The company said it had decided to restructure because of the "increasingly complex" asset portfolio.
GlaxoSmithkline, which unveiled a complex asset swap and joint venture with Novartis, ended 2.5p better at 1642.5p.
"This audit identified numerous deficiencies in the procedures the complex asset team implemented to track, safeguard, value and dispose of complicated and valuable assets," the report said.
Federal prosecutors in Mr. Madoff's case were so concerned by the lack of transparency and oversight in the unit, the complex asset team, that they lost confidence in it, according to the audit, by the Justice Department's inspector general.
Among the rumors that percolated through the markets late last year was that WebMD could have been acquired as part of a highly complex asset swap involving Yahoo and its Asian partners.
Of the financial ones, some hope to profit from the market's relative youth and illiquidity, seeking out undervalued patents and taking advantage of pricing inefficiencies (and the difficulty of valuing such a complex asset) to sell them at a hefty mark-up.Others are longer-term holders, pejoratively referred to as "patent trolls", who are looking for an income stream from collecting royalties.
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In embracing a split, the bond guarantors are tacitly admitting that their expansion into complex asset-backed securities has not gone well.
This complex asset-holding structure was created not by the Pritzker family itself but by its lawyers, accountants, tax specialists and investment advisers.
Its insurance companies hold big blocks of complex asset-backed securities, and the company's departing chief executive, Edward M. Liddy, said that an accounting break helped produce its recent modest profit.
Three institutions — Bank of America, Citigroup and JPMorgan Chase — are working to set up a $75 billion fund to stabilize the SIVs, which use short-term financing to buy higher-yielding and longer-term debt and are among the biggest buyers of pools of mortgages and other complex asset-backed securities.
The suit indicates that Mr. Briskman was reassigned from his duties overseeing the complex assets group.
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CEO of Professional Science Editing for Scientists @ prosciediting.com