Tuesday, 31 March 2015
Last updated 17 min ago
Oct 12 2011 | 6:29am ET
The U.K.'s defense secretary is in hot water over his relationship with a top hedge fund manager.
The media and members of the opposition Labour Party have called for the resignation of Liam Fox after it emerged that a friend of Fox's had been given a free desk at the offices of CQS, the hedge fund headed by major Conservative Party donor Michael Hintze. It is unclear what, if anything, Adam Werritty does for Hintze or CQS, or what, if anything, Fox did to help his friend.
But in addition to the office space, Hintze also flew Fox and Werritty back from the U.S. in May. Sources close to the hedge fund manager deny that Werritty has been paid by the hedge fund.
It is thought that Werritty works as a lobbyist; The Telegraph reports that Fox has told friends that Werritty has five clients.
According to a former girlfriend of Werritty's, "he literally had an office there" at CQS, "tucked away in the administration area. He was off the floor, he wasn't part of the hedge fund. He was just given free office space."
Contacted by the Telegraph, a receptionist appeared to indicate that Werritty did, in fact, work out of CQS' offices.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…