EU's Libyan asset freeze casts cloud over hedge fund FM Capital
FM Capital - a UK hedge fund with ties to Libya - gets HM Treasury licence to keep trading, but dealers are wary
Last night's European Union (EU) decision to freeze assets belonging to five Libyan entities - including the Libyan Investment Authority (LIA) - has already had an impact on one London-based hedge fund with close ties to the LIA. FM Capital Partners is active in equity derivatives markets, and is said by dealers to have stopped trading last week, ahead of the EU's decision - they claim the fund started trading again yesterday after being granted a licence by HM Treasury, but that hasn't
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