Wednesday, 27 August 2014
Last updated 10 hours ago
Jan 24 2011 | 10:03am ET
The death of hedge fund lawyer Sergei Magnitsky is now the subject of a United Nations investigation.
Juan Mendez, the UN's special rapporteur on torture, has opened a probe into Magnitsky's death in 2009 after nearly a year in jail awaiting trial on tax fraud charges. Magnitsky, in a series of notes he kept during his confinement in some of Moscow's most notorious jails, claimed to have been denied adequate medical treatment, and supporters say he was tortured.
"There has been engagement by the special procedures mechanisms with the Russian Federation in relation to the case of Mr. Magnitsky, in accordance with normal diplomatic channels," the UN told The Telegraph. The UN launched its probe after a request from anti-torture group Redress.
Magnitsky died on Nov. 16, 2009. He had been charged with tax fraud after he, as a lawyer for British hedge fund Hermitage Capital Management, alleged that Russian officials defrauded Hermitage and the Russian treasury of US$230 million. The 37-year-old said before his death that authorities were trying to pressure him into withdrawing those allegations and into implicating Hermitage founder William Browder.
Russian officials, including President Dmitri Medvedev, have expressed regret for Magnitsky's death and promised a full investigation. But, to date, no charges have been filed and the Interior Ministry's probe has previously been extended to today.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...