Today news
About the same in other media
FCA resumes legal dispute with hedge fund BlueCrest over $700m redress scheme
Reading now: 737
On Tuesday (23 July), three senior judges in London heard a legal challenge from the regulator over the Upper Tribunal's decision in July last year to rule in favour of the hedge fund and reject the FCA's demand for investor compensation. In December 2021, the UK's financial watchdog said it would fine BlueCrest £40.8m for an alleged conflict of interest, a move that was challenged by the London-based firm. The FCA considered that, from 1 October 2011 to 31 December 2015, BlueCrest moved portfolio managers from the main client fund to its internal fund and partly replaced them with a...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Invesco drops ESG from rebranded sustainable fund as lead manager Tim Marshall departs firm investmentweek.co.uk /1 month ago
FCA Coinbase ‘One-Off’ Fine is Not a Crypto Industry Crackdown cryptonews.com /1 month ago
Russia considers legalizing crypto for global payments as it faces ongoing sanctions cnbc.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
