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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

clouds

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

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