Italian police raid ex-hedge fund manager Micalizzi

mercoledì 16 novembre 2011 19:15
 

* Police raid Micalizzi's home and office -prosecutor

* Milan public prosecutor launches fraud probe

* Micalizzi agrees to suspend himself from Bocconi University

By Laurence Fletcher and Martin de Sa'Pinto

LONDON/ZURICH, Nov 16 (Reuters) - Italian police have raided two properties and launched a fraud probe into ex-hedge fund manager Alberto Micalizzi, a researcher at Italy's Bocconi University, who ran hedge fund DD Growth Premium until its collapse during the credit crisis.

Milan public prosecutor Alfredo Robledo told Reuters that finance police on Tuesday took away documents and computers from the home and office of Micalizzi.

"We found some very significant materials," said Robledo, who is leading the investigation along with fellow public prosecutor Tiziana Siciliano.

Micalizzi did not respond to an emailed request for comment.

The raids come after Britain's Serious Fraud Office last year dropped a criminal investigation into Micalizzi's London-based fund firm Dynamic Decisions Capital Management due to a lack of evidence.   Continua...