K1 Hedge Fund Founder Helmut Kiener Held Under Arrest
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K1 Hedge Fund Founder Helmut Kiener Held Under Arrest
Bloomberg's Philipp Encz talks with Francine Lacqua and Erik Schatzker about the arrest of Helmut Kiener, founder of Germany’s K1 Group hedge-fund firm. K1 Group is embroiled in an international criminal investigation after saddling banks, including Barclays Plc, JPMorgan Chase & Co., BNP Paribas SA and Societe Generale SA with about $400 million of losses, people with knowledge of the probe said. (Source: Bloomberg)
Bloomberg | October 29, 2009
