Embattled fraud office reopens inquiry into hedge fund

Embattled fraud office reopens inquiry into hedge fundThe new director of the Serious Fraud Office (SFO) has performed an unprecedented U-turn by reopening a major fraud investigation dropped by his predecessor last year.

David Green quietly ordered his organisation to reopen its inquiry into the $600m (£387m) Weavering hedge fund, which collapsed in what was the biggest-ever fraud in the sector.

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