Second British Politician Faces Questions After Defense Minister Resignation

Oct 26 2011 | 10:16am ET

Another British politician is facing scrutiny over his ties with a friend of a former British defense minister with ties to the founder of hedge fund CQS.

John Astor was trustee of a charity, Atlantic Bridge, whose only employee was Adam Werritty. Astor is an undersecretary for defense and a member of the House of Lords; the defense minister, Liam Fox, was forced to resign over his ties with Werrity earlier this month.

Werritty, a friend of Fox's and, according to reports in the British press, a lobbyist, had a desk at CQS in his capacity as executive director of Atlantic Bridge. CQS founder Michael Hintze also paid to fly Fox and Werrity back from the U.S. in May and is a major donor to the Conservative Party.

The U.K. Cabinet Secretary, Gus O'Donnell, has said that Werritty is not a lobbyist.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...