Hedge fund compliance officer banned for post-Lehmans failings

Dr Sandradee Joseph was compliance officer at Dynamic Decisions Capital Management (DDCM), a hedge fund management company based in London and Milan. In the wake of the collapse of Lehman Brothers, the investment strategy adopted by DDCM for the fund it managed resulted in losses totalling approximately 85% of the fund's total assets under management. To conceal the losses, in late 2008, a senior employee at DDCM entered into a number of contracts, on behalf of investment funds managed by DDCM, for the purchase and resale of a bond. Various investors raised concerns that the bond wa...