{"id":44555,"date":"2014-10-15T08:15:20","date_gmt":"2014-10-15T12:15:20","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44555"},"modified":"2014-10-15T08:15:20","modified_gmt":"2014-10-15T12:15:20","slug":"dishonesty-led-to-600-million-hedge-fund-end-prosecutor","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2014\/dishonesty-led-to-600-million-hedge-fund-end-prosecutor.html","title":{"rendered":"Dishonesty Led to $600 Million Hedge Fund End: Prosecutor"},"content":{"rendered":"<p>Bloomberg &#8211; Weavering Capital (UK) Ltd. founder Magnus Peterson\u2019s deliberate \u201cdishonesty\u201d caused the collapse of his $600 million hedge fund, U.K. prosecutors told a London court on the trial\u2019s opening day.<\/p>\n<p>Peterson told investors he was following a low-risk strategy, but within a few days of its start the fund had lost more than 20 percent of its value, according to Amanda Pinto, a lawyer for the Serious Fraud Office. Rather than stopping, he changed the strategy and lied to investors, she said, disputing that it was due to \u201cbad luck or incompetence.\u201d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-10-14\/dishonesty-led-to-600-million-hedge-fund-end-prosecutor.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Weavering Capital (UK) Ltd. founder Magnus Peterson\u2019s deliberate \u201cdishonesty\u201d caused the collapse of his $600 million hedge fund, U.K. prosecutors told a London court on the trial\u2019s opening day. Peterson told investors he was following a low-risk strategy, [&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-44555","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44555","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=44555"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44555\/revisions"}],"predecessor-version":[{"id":44557,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44555\/revisions\/44557"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}