Lodestone To Shut After Arrests

May 10 2013 | 2:15pm ET

The arrest of two co-founders, including its chief investment officer, has proven too much for hedge fund Lodestone Natural Resources to weather.

The US$100 million London-based firm is liquidating its hedge fund, Bloomberg News reports. CIO Tim Whyte and Carl Linderum were arrested in February, alongside GLG portfolio manager Carl Esprey, on suspicion of insider-trading. Search warrants were also executed on their homes and offices. No charges have been filed.

Whyte, Linderum and Ben Belldegrun founded Lodestone last year. The three formerly worked together at Brevan Howard Asset Management.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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