{"id":10144,"date":"2009-03-20T00:00:00","date_gmt":"2009-03-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"weavering-capital-collapses-over-mystery-trade","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/weavering-capital-collapses-over-mystery-trade.html","title":{"rendered":"Weavering Capital collapses over mystery trade"},"content":{"rendered":"<p>Times Online &#8211; Weavering Capital, one of London&#8217;s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund&#8217;s main investment was a derivatives trade with an offshore company controlled by its founding chief executive. <\/p>\n<p>PricewaterhouseCoopers, the auditor and consultancy, confirmed this morning that it had been appointed as Weavering Capital&#8217;s liquidator. <\/p>\n<p>It is understood that PwC is investigating suggestions that fraudulent activity may have taken place. <\/p>\n<p>It is not known whether the Financial Services Authority has been contacted. The FSA did not immediately return a call seeking comment. <\/p>\n<p><!--#include file=\"m63-article-related-attachements.html\"--><!-- BEGIN: Module - M63 - Article Related Attachements --><!-- BEGIN: Comment Teaser Module --><\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article5943071.ece\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Weavering Capital, one of London&#8217;s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund&#8217;s main investment was a derivatives trade with an offshore company controlled by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[9313,67,5149,1331,6594,9315,5218,9316,1857,3364,9314,9317,9318],"class_list":["post-10144","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-capital-one","tag-chief-executive","tag-derivatives","tag-financial-services-authority","tag-flagship","tag-fraudulent-activity","tag-fsa","tag-liquidator","tag-liquidators","tag-london","tag-offshore-company","tag-pwc","tag-weavering-capital"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10144"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10144\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}