Italian police raid ex-hedge fund manager Micalizzi

Reuters – Italian police have raided two properties and launched a fraud investigation into ex-fund manager Alberto Micalizzi, whose hedge fund collapsed during the credit crisis losing investors hundreds of millions of dollars.

Milan public prosecutor Alfredo Robledo told Reuters that finance police on Tuesday took away documents and computers from the home and office of Micalizzi, a researcher at Milan’s prestigious Bocconi University and an expert in options pricing.

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