{"id":68587,"date":"2019-03-27T03:20:09","date_gmt":"2019-03-27T07:20:09","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=68587"},"modified":"2019-03-27T03:20:09","modified_gmt":"2019-03-27T07:20:09","slug":"captain-magic-clashes-with-tycoon-over-5-billion-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2019\/captain-magic-clashes-with-tycoon-over-5-billion-hedge-fund.html","title":{"rendered":"Captain Magic\u2019 Clashes with Tycoon over $5 Billion Hedge Fund"},"content":{"rendered":"<p>\n(Bloomberg) Raffaele Costa\u2019s two-month business relationship with an Asian real-estate tycoon has sparked a two-year fight in the London courts following claims that the hedge-fund manager exaggerated his supercomputer\u2019s trading abilities. Costa\u2019s Tyndaris Investments is suing Samathur Li Kin-kan for $3 million of unpaid fees for managing his money, according to court documents. Li\u2019s investment company is counter-suing for $23 million claiming that Costa, a former founding partner at rival GLG Partners, overpromised what he could deliver with the technology used to make algorithm-driven trades, which lost money.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-25\/-captain-magic-clashes-with-tycoon-over-5-billion-hedge-fund\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Raffaele Costa\u2019s two-month business relationship with an Asian real-estate tycoon has sparked a two-year fight in the London courts following claims that the hedge-fund manager exaggerated his supercomputer\u2019s trading abilities. Costa\u2019s Tyndaris Investments is suing Samathur Li Kin-kan for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68587","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68587","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=68587"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68587\/revisions"}],"predecessor-version":[{"id":68588,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/68587\/revisions\/68588"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=68587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=68587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=68587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}