Unravelling Mathieu Moonshine
  The D1-D5-KK-p system naturally provides an infinite dimensional module graded by the dyonic charges whose dimensions are counted by the Igusa cusp form, Phi_{10}(Z)$. We show that the Mathieu group, M_{24}, acts on this module by recovering the Siegel modular forms that count twisted dyons as a trace over this module. This is done by recovering Borcherds product formulae for these modular forms using the M_{24} action. This establishes the correspondence (`moonshine') proposed in arXiv:0907.1410 that relates conjugacy classes of M_{24} to Siegel modular forms. This also, in a sense that we make precise, subsumes existing moonshines for M_{24} that relates its conjugacy classes to eta-products and Jacobi forms. 
Suresh Govindarajan (IITM)
hep-th math.NT math.RT