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UK Fraud Office To Investigate Cayman Island-Based Hedge Fund

CaribWorldNews, LONDON, England, Fri. Nov. 13, 2009: Dynamic Decisions Capital Management Ltd, a hedge fund based in the Cayman Islands, is being investigated by the U.K. Serious Fraud Office.

The SFO on Thursday said it has opened a criminal investigation following complaints received about the investment activities of the company.

The UK fraud office said the investigation comes following complaints received by the SFO and the Financial Services Authority about Dynamic Decisions Capital Management Ltd, and its Cayman Islands fund known as Dynamic Decisions Growth Premium Master Fund Ltd.
Anyone with information on alleged fraud is urged to call 0207 239 7388.

The SFO prosecutes white-collar crime in the U.K.

Dynamic Decisions’ main hedge fund is being liquidated by court-appointed administrators in the Cayman Islands after investors raised questions about some of its holdings.

Dynamic’s DD Growth Premium and DD Growth Premium 2X funds were put into provisional liquidation in March at the request of London-based Strathmore Capital LLP and Cadogan Management LLC in New York.

Dynamic Decisions was started in 2005 by a professor of finance at Bocconi University in Milan.