Bloomberg – A Cayman Islands court may decide tomorrow to put Dynamic Decisions Capital Management Ltd.’s main hedge fund under the protection of an outside firm after investors accused the manager of “gross mismanagement and misfeasance,” according to people familiar with the case.
The Grand Court of the Cayman Islands is set to consider a petition for a provisional liquidator to safeguard DD Growth Premium Master Fund, said the people, who asked not to be identified because they’re not authorized to discuss the case. According to the filing, London-based Dynamic Decisions founder Alberto Micalizzi said on a March 13 conference call that the fund had “substantial” losses last year and that assets may have fallen to as low as $20 million, excluding illiquid investments, from $550 million at the end of 2008.
