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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...