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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.