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Government’s hedge fund adviser profits from the rise and fall of RBS

Telegraph – There is a certain irony in financier Davide Serra advising the Government on improving “viability” at RBS. Serra was in the cabal of hedge funds that gobbled up shares in ABN Amro in the run-up to the acquisition of the Dutch bank that led to RBS’s downfall.

The Italian financier attended ABN’s annual meeting in 2007, where he stated his preference for the consortium bid, led by RBS, over Barclays’ rival offer.

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