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Hossein Shamkhani's Hedge Fund In London Will Close

2024.11.29, 16:14
Hossein Shamkhani's Hedge Fund In London Will Close

A hedge fund that’s said to be part of a network overseen by Iranian oil trader Hossein Shamkhani has told its London employees that the firm will go into liquidation, according to people familiar with the matter. 

Gunaz.tv

This was reported by the "Bloomberg".

Ocean Leonid Investments Ltd. wrote to staff this week that due to license restrictions the company will have to halt its operations in the UK capital, said the people, who requested anonymity as the matter is private. 

The people, who were informed of the decision by letters and phone calls, said most of Ocean Leonid’s assets and liabilities are concentrated in the United Arab Emirates, but some funds would get shifted to London in order to conduct trades. It’s unclear what license restrictions might impede the firm’s continued operations in the UK. 

The UK’s Financial Conduct Authority registry shows several employees at the hedge fund were approved for client dealing until Nov. 26.

A spokesperson for Ocean Leonid declined to comment. A representative for the FCA didn’t immediately respond to a request for comment.

 

 

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