The Telegraph – The agency said it had abandoned the search for $500m (£313m) of losses at Weavering – more than two years after the dawn arrests of executives Magnus Peterson and Edward Platt. The pair, who maintained a company chalet in Verbier, were thought to be the first British hedge fund managers to be arrested in connection with the SFO investigation.
On Thursday, lawyers from the fund’s liquidators, Jones Day, criticised the SFO and said its decision was “deeply disappointing to Weavering’s investors and creditors”.
