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Investors' anger as SFO drops probe into Weavering fund
David Marchant
Posted: Friday, September 9, 2011
Joined: 9/13/2007
Posts: 1278


You can always rely on the SFO to spend a lot of taxpayers' money going nowhere slowly.

See article in London Evening Standard

First two paragraphs are:

Investors including charities and pension funds who lost hundreds of millions of dollars in the collapse of London hedge fund Weavering Capital were today said to be furious at a decision by the Serious Fraud Office to drop its investigation into the affair.

Weavering's main Cayman Islands-based hedge fund collapsed into liquidation in March 2009, leaving its investors nursing losses of more than $500 million (£313 million).


 

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