K1 Hedge Fund Probed as Barclays, JPMorgan Face L...

Oct. 28 (Bloomberg) — Bloomberg’s Philipp Encz talks with Francine Lacqua about the international investigation into German hedge fund firm K1 Group. K1, funded by German psychologist Helmut Kiener, is embroiled in an international criminal investigation after saddling banks, including Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA, with about $400 million of losses, people with knowledge of the probe said. (Source: Bloomberg)