Ex-IKOS Analyst Misses Another Court Date

Nov 14 2012 | 10:57am ET

A former IKOS Asset Management analyst is continuing to make himself scarce in the hedge fund's home jurisdiction.

Vincent Pfister again failed to appear in a Cypriot court to face charges that he stole IKOS' algorithmic trading systems. Already facing a €25,000 fine, Pfister would have faced criminal charges had he appeared, Cyprus Mail reports.

The Cypriot court dutifully set a new hearing date for Jan. 29.

According to IKOS, Pfister admitted that he had downloaded the codes, but he denied that he planned to share them with IKOS co-founder Martin Coward. The case is one of many legal actions surrounding the split of Coward and IKOS chief Elena Ambrosiadou.

A European arrest warrant has been issued for Pfister, who has homes in both France and Britain. But British authorities will not execute the warrant without fingerprint information.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...