Tuesday, 1 December 2015
Last updated 9 hours ago
May 18 2009 | 10:51am ET
British authorities have made the first arrests connected with the collapse of hedge fund Weavering Capital. The Serious Fraud Office arrested two men, whose identities have not been revealed, and searched a pair of houses in London’s south suburbs.
The SFO says Weavering employed swaps which it says “inflated the apparent net asset value” of the Weavering Macro Fixed Income Hedge Fund. The fund’s liquidators discovered the interest rate swap, held by a counterparty related to Weavering, in March.
The two men, aged 43 and 45, were taken to a police station for questioning. The first arrests of hedge fund managers in Britain since the credit crisis struck are not expected to be followed by any more Weavering-related arrests in the near future.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…