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Bruno Crastes was one of the most gifted fund managers of his generation. Why did he bet so much on the notorious Lars Windhorst?
Natixis, KPMG and CACEIS also sued in first major litigation relating to illiquid asset scandal
Decision by sovereign wealth fund follows French market regulator’s fine last month
Firm’s founder makes clear to clients he will still play an active role despite sanction by French regulator
Penalty comes as asset manager announces first repayment to investors with frozen funds
Asset manager was pouring investors’ money into financier’s ventures when post was proposed
Asset manager moves to reassure customers after French authorities accused it of ‘grave’ rule breaches
French bank finalises plan to dispose of troubled subsidiary
London-based asset manager says it hired adviser at the request of the UK regulator
Asset manager’s fate hangs in balance amid controversy over its links to German financier Lars Windhorst
Move marks the highest-profile partner so far to cut ties with €22bn investment firm
Some of the small brokerages investment group traded its unwanted illiquid exposure with have ties to Lars Windhorst
Level of exposure to hard-to-sell investments was three times a regulatory cap
Asset manager temporarily freezes funds the FT revealed had substantial exposure to illiquid bonds
Fund manager traded controversial German financier’s bonds with Shard Capital
Former City minister says claim by Bruno Crastes is ‘extraordinary’
Welcome to Due Diligence, the FT’s daily deals briefing
Fund industry expert warns investors should know they cannot have something for nothing
Founders of asset manager use video address to try to calm nerves about the firm’s stability
Asset managers claim they are not systemic but a larger scale fund run could show otherwise
Absolute return manager Bruno Crastes says you can have good quality beta with a bit of alpha
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