{"id":13959,"date":"2010-02-03T09:44:13","date_gmt":"2010-02-03T13:44:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13959"},"modified":"2010-02-03T09:44:13","modified_gmt":"2010-02-03T13:44:13","slug":"fsa-bans-bluebay-fund-manager","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2010\/fsa-bans-bluebay-fund-manager.html","title":{"rendered":"FSA Bans BlueBay Fund Manager"},"content":{"rendered":"<p>WSJ &#8211; A former employee of London hedge-fund group BlueBay Asset Management PLC has been banned and fined \u00a3140,000, or about $224,000, by the U.K. Financial Services Authority for deceiving investors and mismarking the value of funds he ran by $27 million, in a case that highlights the scope for deception at hedge funds even when their values are signed off by independent administrators.<\/p>\n<p>The market regulator said Simon Treacher, who had been a senior fund manager in BlueBay&#8217;s emerging-markets&#8217; team, &#8220;cut and pasted&#8221; different prices onto brokers quotes on financial instruments within the funds he managed, lifting the funds&#8217; value by $27 million over three months.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704259304575042831960288278.html?mod=googlenews_wsj\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; A former employee of London hedge-fund group BlueBay Asset Management PLC has been banned and fined \u00a3140,000, or about $224,000, by the U.K. Financial Services Authority for deceiving investors and mismarking the value of funds he ran by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13959","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13959","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13959"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13959\/revisions"}],"predecessor-version":[{"id":13960,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13959\/revisions\/13960"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}