Thursday, 28 July 2016
Last updated 2 hours ago
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.