UK hedge fund manager fined for mis-pricing
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
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