IKOS Head Spied On Employees, Lawsuit Alleges

May 23 2011 | 2:30pm ET

IKOS Asset Management chief Elena Ambrosiadou spied on her employees as troubles at the US$2 billion firm came to a head, a former portfolio manager alleges.

Tobin Gover, fired by Ambrosiadou in 2008 in a move seen as a hit against her husband, Martin Coward, who hired Gover and his team, said Ambrosiadou hired a former Dutch spy to keep an eye on him. The spy, Laura Merts, allegedly moved in to an apartment next door to the one occupied by Gover in Cyprus.

The spying continued even after Gover had been forced out. And Gover claims that he is not the only person spied upon.

Merts is trained, "in Israel," in "unarmed combat" and "counter-terrorism," Gover alleges, as well as less forbidding skills, apparently: Gover said she quickly became a close family friend, even babysitting the Govers' children. A year later, Gover learned through the Internet that Merts, who he knew as Laura Van Egmond, was an undercover specialist.

IKOS denied Gover's allegations, saying "there has been no finding of any wrongdoing made against Ms. Amrosiadou or IKOS and any such claims are denied." But Ambrosiadou did not put up a defense, leading to a default judgment against her. She has since agreed to pay "substantial" damages, The Sunday Telegraph reports.

Ambrosiadou filed for divorce from Coward in 2009, the year Coward left IKOS. He still owns half of the firm but is barred by a Cypriot court from speaking about it.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.