Ex-IKOS Exec. Coward Readies New Hedge Fund

Oct 31 2011 | 12:15pm ET

Former IKOS Asset Management chief investment officer Martin Coward is set to launch a hedge fund next year.

Coward will launch a rival to IKOS, which is controlled by his ex-wife Elena Ambrosiadou, in Monaco, where he lives and runs a company called Flot SAM, the Financial Times reports. Coward's new firm will employ quantitative models, similar to those Coward wrote for IKOS before his departure in 2009.

Coward's decision to launch a hedge fund will almost certainly reignite the still-blazing battle between he and Ambrosiadou. The former spouses are engaged in a whole host of legal actions against one another across Europe, with IKOS filing a criminal complaint against Coward in Monaco and allegations of spying, stealing and all manner of other misdeeds abounding.

Ambrosiadou has also gone to great lengths to prevent Coward from starting a rival firm.

Coward, who claims he still owns a piece of IKOS, although he dropped a copyright case against the hedge fund in May, has admitted that he downloaded IKOS' proprietary code, which he designed. But he has offered his old firm a "legal audit" to show that his new hedge fund will not use that code.


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

Expert Says Scale Of Baillon Classic Car Find Rare

Dec 29 2014 | 3:40am ET

Forget about hedge funds, buying rare, classic cars could be called the ultimate...

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.