On Tuesday (23 July), three senior judges in London heard a authorized problem from the regulator over the Higher Tribunal’s determination in July final yr to rule in favour of the hedge fund and reject the FCA’s demand for investor compensation.
In December 2021, the UK’s monetary watchdog mentioned it might high quality BlueCrest £40.8m for an alleged battle of curiosity, a transfer that was challenged by the London-based agency.Â
The FCA thought of that, from 1 October 2011 to 31 December 2015, BlueCrest moved portfolio managers from the principle consumer fund to its inside fund and partly changed them with a…
