Tory donor winds up hedge funds in face of SEC charges

Another question for John Key; were you as a bond and derivatives man (He was the head of the European bonds and Derivatives department for Merrill Lynch for a while according to his own website) involved with this hedge fund?

By Stephen Foley in New York
Thursday, 27 March 2008

Lewis Chester, one of the UK’s richest hedge fund managers and a donor to the Conservative party leader David Cameron, has promised to fight allegations in the US that he aided and abetted frauds against millions of mutual fund investors.

Pentagon Capital Management, Mr Chester’s well-connected hedge fund – whose current and former investors include politicians and tycoons – has put a freeze on client money, telling them it will wind up the business in the coming months rather than see it collapse when the legal action becomes public in the next few days.

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