Is Cayman really tougher than London?


Had the case occurred in the U.S., the authorities would have found a way to prosecute.

Neil Wilson
When the UK’s Serious Fraud Office decided in September to drop an investigation into the collapse in 2009 of Weavering Capital, a London hedge fund group headed by Magnus Peterson, the move was greeted with widespread shock and dismay.

To many in the European hedge fund world, it was simply incredible that the SFO would not be bringing charges against either Peterson or his associate Edward Platt, a senior employee at Weavering, on the basis that there was “no reasonable prospect” of securing a conviction.

The firm’s principal Cayman-domiciled vehicle, the Weavering Macro