UK hedge fund manager fined for mis-pricing

David Benyon
01 Mar 2010

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LONDON – The UK Financial Services Authority (FSA) has fined and banned a hedge fund manager for inflating trading positions, which led to his employer, BlueBay Asset Management, paying £408,000 in investor compensation.

Simon Treacher was fined £140,000 for inflating the values of portfolios by $27 million. Treacher cut and pasted figures within broker quotes used to value assets in the funds under his management. The FSA said its fine – which would have been £200,000 had Treacher not settled

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