Mann: Another Financial Saga

NEWS FROM THE CELTIC LEAGUE

Another financial saga with links to the Isle of Man that has popped up within the last twelve months but hasn’t provoked much interest here is the story of HEATHER CAPITAL.

This article appeared in the Wall Street Journal (WSJ) in December 2014 (see link);

https://www.wsj.com/articles/heather-capital-how-a-600-million-hedge-fund-disappeared-1418360402

Updates on the saga have been posted online a lot from the WSJ and papers in Scotland.

The story even has a Canadian angle the Journal story cites one of the big name investors as Ontario Teachers’ Pension Plan

Our contacts at CBC which is focusing on financial matters Manx were unaware of this – they are now.

Other news links to this story here;

https://www.wsj.com/articles/heather-hedge-fund-executives-given-loans-before-collapse-1426682969
https://www.wsj.com/articles/lawyer-heather-capital-founder-acted-fully-in-good-faith-1429636629
https://www.dailyrecord.co.uk/news/scottish-news/scots-tycoon-greg-king-centre-5711270
https://www.heraldscotland.com/news/13200134.Fraud_probe_into_failed___400m_fund/
https://www.heraldscotland.com/news/13204482.Law_firm_sued_for___28m_over_an_alleged_hedge_fund_fraud/

BERNARD MOFFATT

Issued by: The Celtic News

16/09/15

THE CELTIC LEAGUE INFORMATION SERVICE

The Celtic League established in 1961 has branches in the six Celtic Countries. It promotes cooperation between the countries and campaigns on a range of political, cultural and environmental matters. It highlights human rights abuse, military activity and socio-economic issues

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