FCA slaps 'reckless' former hedge fund CIO with ban and £100k fine

Corrado Abbattista of now-dissolved Fenician Capital Management

Mike Sheen
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FCA slaps 'reckless' former hedge fund CIO with ban and £100k fine

The former CIO of London-based hedge fund Fenician Capital Management has been fined £100,000 and banned from regulated activity by the Financial Conduct Authority (FCA), following an investigation into market abuse.

Corrado Abbattista, who was a portfolio manager and partner at Fenician, created a false and misleading impression as to the supply and demand for equities between 20 January and 15 May 2017, the FCA said....

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