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Mazars issues ‘adverse’ audit opinion on asset management group’s latest accounts
Investors in asset manager were hit by group’s outsized exposure to German financier Lars Windhorst
Plus, McKinsey’s C-suite intrigue and a new borrowing binge in private markets
Plus, Bobby Jains’s launch, record hedge fund gains, and journeys to the moon
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
Private equity group 777 bought the struggling team for a fraction of the financier’s original €374mn investment
German financier is trying to fend off litigation from a number of aggrieved creditors
German struggles to answer questions about net worth and solvency at London court
London high court judge finds financier deliberately missed hearing in case brought by creditor
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
Investigation by law firm puts financier at centre of exit of German FC’s former president
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 regulator recommends tough action over the asset manager’s investments in illiquid bonds tied to Lars Windhorst
Sale to US private equity group at undisclosed price hinges on approval from football club and Bundesliga
Vienna-based Euram Bank confirmed payments to football club that took weeks to arrive
Christian Sewing met financier and football investor and exchanged WhatsApp messages
Investigation ongoing a year after German financier said matter had been resolved
German financier faced storm of criticism after FT revelations over campaign against president
Plus, Mars steps out of the shadows and investors fret over UK private equity
Israeli company mounted operation to oust Hertha Berlin president, according to court documents
Controversial financier has pledged to find half a billion euros in ‘weeks’
International Edition