Igor Abramov, former compliance chief at Capula Investment Management's US division, has sued the hedge fund, alleging wrongful dismissal after he expressed concerns about some of the items the firm expensed to investors. According to Abramov, the $32 billion multi-strategy hedge fund expensed artwork, travel via private jet, and a number of other pass-through expenses without the correct disclosures.
Also see: Einhorn’s Greenlight Wins Stipulated Injunction Against Ex-Analyst James Fishback
Lawsuit against Capula Investment Management
The lawsuit states that the former compliance head “engaged in protected activity by raising concerns about significant regulatory compliance issues,” which included a number of “undisclosed and improper expenses” that Capula allegedly charged to investors in its Multi-Strategy Master Fund Limited.
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