Article: Anatomy of a hedge fund hack

Article - Media, Publications

Anatomy of a hedge fund hack

Laurence Fletcher, 27 April 2021

It was only when John made a final phone call to confirm the transfer of about €10m to his family trust that he realised he was about to fall victim to a highly sophisticated financial scam.

A fraudster had spent two months pretending to be one of John’s business associates in order to gain his confidence and trick him into diverting a standard loan repayment to a different bank account.

Having obtained emails through an earlier hack of a financial services company in Liechtenstein, they studied the habits and conversational style of John’s business associate and then imitated him on email. Continue reading “Article: Anatomy of a hedge fund hack”

Article: Hedge funds rethink after GameStop pain

Article - Media, Publications

Hedge funds rethink after GameStop pain

Laurence Fletcher, 15 April 2021

Hedge funds are to revise the way they monitor risk after retail investors sent the price of stocks such as GameStop soaring — triggering big losses for the fund managers that bet against them. Investors co-ordinating their purchases on Reddit’s WallStreetBets message board were able to drive up the share price of Gamestop, the US video game retailer, from less than $20 at the start of the year to more than $480 by late January, while the prices of some other beaten-down stocks also soared. For some hedge funds, that proved painful.

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