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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of