The Independent – A $1bn Knightsbridge-based hedge fund backed by Libyan money has resumed trading in the US after its assets, frozen on the outbreak of the anti-Gaddafi rebellion, were released.
The assets were among the first to be released of the estimated $168bn that global authorities froze in March to paralyse the Muammar Gaddafi regime. The Office of Foreign Assets Control (Ofac) privately gave FM Capital Partners (FMCP) permission to trade its US assets this month.
