Wed, Oct 26, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Paris Court of Appeal cancels AMF’s suit against three hedge funds

Monday, November 04, 2013

Benedicte Gravrand, Opalesque Geneva:

On 24th October, the Court of Appeal in Paris cancelled a decision previously made by the AMF, the French financial watchdog, in February 2012 to condemn three fund management companies and fine them a total of Eur6.3m ($8.5m), on a technical basis.

This was confirmed by lawyers for two of the funds, from the firms De Pardieu Brocas Maffei and Olivier Schnerb, who said the Court of Appeal’s decision to cancel AMF’s charges was based on what it perceived had been a violation of European human rights, which guarantee a fair lawsuit and an impartial tribunal, reports Agefi. Indeed, some members of the deliberation committee had been changed without respect for the proper delays, and one may have presented conflicts of interest.

The attorneys represent the hedge funds Geneva based-Coudree Capital Management, which was fined Eur2.5m ($3.37m) and Compania Internacional Financiera, which was fined Eur2.2m ($2.96m). The third entity is CMA Capital Partners, a private equity......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa