Davidson Kempner Ex-Partner Says He Blew Whistle, Was Forced Out A former top trader and partner at Davidson Kempner Capital Management accused the firm and its investing chief, Tony Yoseloff, of ousting him last year after he attempted to expose wrongdoing.

Davidson Kempner has quietly grown into one of the world's biggest hedge funds with ~$40b of assets and no drama. But ex-partner Michael Herzog has now filed suit in US and UK, alleging he was forced out after making whistleblower claims about CIO Tony Yoseloff's "misconduct."

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Raja has denied any wrongdoing. In a previous statement to Bloomberg, his lawyer told us that allegations are based on "imperfect information" and that "the picture will materially change."

Story via @bloomberg.com

60 Ennismore is not an exception. We found that:

- much of MFS lending went to tiny group of individuals with links to MFS owner Paresh Raja.
- they accounted for 2 in every 5 MFS loans and amassed a £530m property empire.
- hundreds of those properties have more than one mortgage against them

Tangled Web of Loans Brought Down a British Property Empire The collapse of Paresh Raja's property empire has left lenders facing up to $1.7 billion of losses and questions about their due diligence.

60 Ennismore Gardens, a Knightsbridge townhouse that once counted Ava Gardner as a neighbor, is at the heart of the meltdown at UK lender MFS. Owned on paper by individual with close ties to MFS owner, it secured 2 Wall St-backed mortgages on the same day.

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UK Financial Conduct Authority Announces Investigation Into MFS Market Financial Solutions Ltd. faces an investigation by the UK financial regulator, marking the first publicly disclosed action by authorities into the mortgage lender that collapsed owing billions ...

Market Financial Solutions is under investigation by the Financial Conduct Authority, the first publicly disclosed action by authorities into the UK mortgage lender that collapsed owing billions to Wall Street lenders.

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Citi Gave £100 Million Credit Line to Lender Backed by MFS’ Raja Citigroup Inc. provided a £100 million ($134 million) funding line to Interbridge Mortgages, another fast-growing UK lender backed by Paresh Raja, just as his Market Financial Solutions Ltd. was hurtl...

Just before Market Financial Solutions began to unravel amid allegations of fraud, Citi gave £100m funding line to another fast-growing UK mortgage lender: Interbridge Mortgages. MFS owner Paresh Raja is also one of the biggest shareholders of Interbridge. Story via @bloomberg.com

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Failed Lender MFS Exposes Regulatory Black Hole in UK Mortgages The collapse of Market Financial Solutions Ltd, a UK mortgage lender accused of widespread fraud, has intensified concern over a growing problem in finance — what happens when lending is pushed out of...

The collapse of MFS, a UK mortgage lender accused of widespread fraud, has intensified concern over a growing problem in finance — what happens when lending is pushed out of the regulated banking system and into the shadows. Gift link below via @bloomberg.com.

www.bloomberg.com/news/article...

We visited the greasy spoon owned by MFS’s auditor (with a mortgage from MFS) Eating a fry-up for breakfast in the name of investigative journalism

Faced with a financial scandal that has ensnared some of the biggest names on Wall Street, I made the obvious move: catching a tube to the end of the Northern Line to eat a fry-up in a greasy spoon.

Shoe-leather (and antacids) reporting on Market Financial Solutions here: www.ft.com/content/c522...

MFS CEO Accused of Using Front to Defraud Barclays, Castlelake A company closely aligned with Paresh Raja’s now-defunct mortgage lender Market Financial Solutions was allegedly used to siphon off funds from entities backed by Barclays Plc and a firm majority owne...

Latest from MFS saga: a company under control of MFS CEO Paresh Raja was allegedly used to siphon off funds from entities backed by Barclays and Castlelake. Raja denies wrongdoing, says claims based on wrong info, assumptions, yet adds 'mistakes have been made.' Via @bloomberg.com

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Creditors of Wall Street-Backed MFS Claim £1.3 Billion Shortfall Creditors caught up in the collapse of UK mortgage lender Market Financial Solutions Ltd. claim a network of companies linked to its owner sits at the center of an alleged fraud that helped cause a £1...

Fresh allegations emerge in the demise of MFS, the failed UK mortgage lender that had been backed by Wall St. Creditors allege they're facing a £1.3b shortfall and that the firm was lending to a network of companies linked to owner and CEO Paresh Raja. Story via @bloomberg.com

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Web of tiny accounting firms audited collapsed MFS property lending empire Creditors owed more than £2bn have made allegations of fraud at insolvent business

Had a lot of déjà vu while writing this story on the small accountancy firms that audited Market Financial Solutions' books (particularly to our coverage of Sanjeev Gupta and his Stakhanovite auditors King & King).

Full story below www.ft.com/content/0d53...

MFS CEO Spent on Artwork, Parties, Indian Rapper Before Collapse The walls of Market Financial Solutions Ltd.’s London offices were a shrine to the passions of founder Paresh Raja.

Indian rapper Badshah. Dancers performing inside a glass dome. A vast collection of sporting and music memorabilia that has since disappeared. Behind the scenes at MFS, the UK lender backed by £2b+ of Wall Street loans that collapsed last week. Story via @bloomberg.com

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MFS Creditors Warn of £930 Million Shortfall From Double Pledges Some creditors of Market Financial Solutions Ltd., the failed UK mortgage firm backed by Wall Street lenders including Barclays Plc, warned there may be a £930 million ($1.3 billion) shortfall in coll...

Some creditors of MFS have warned that there may be a £930m shortfall in the collateral backing their loans as a result of so-called "double pledging" of assets. Story via @bloomberg.com.

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The Bangladeshi Politician and His £200 Million UK Property Empire A former land minister has amassed more than 350 properties adding to concerns over the ability to scrutinize inflows of foreign money into Britain

With a lot of eyeballs on the collapse of Market Financial Solutions, it's worth reading this brilliant @bloomberg.com story from 2024. The MFS group was one of the biggest lenders behind the UK property empire of Bangladeshi politician Saifuzzaman Chowdhury.

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New Credit Blowup in London Has Wall Street Chasing Billions As Market Financial Solutions Ltd. hurtled toward collapse in London, the setting was new, but the themes felt familiar.

As MFS hurtled toward collapse in London this week, the setting was new, but themes felt familiar...After failures of Tricolor and First Brands, MFS risks becoming latest obscure finance firm to saddle Wall Street banks with losses amid claims of fraud. Story via @bloomberg.com

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Barclays, Atlas Among Firms Exposed to Collapsed UK Lender MFS Barclays Plc and Atlas SP Partners are among Wall Street firms that helped arrange more than £2 billion ($2.7 billion) of loans to a UK mortgage-finance company that has unraveled amid allegations of ...

Barclays, Atlas SP Partners and Jefferies are among Wall Street firms that provided more than £2b of loans to Market Financial Solutions, a UK mortgage-finance firm that collapsed yesterday amid allegations of financial irregularities. Story via @bloomberg.com

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Dubai’s Bin Sulayem Quits DP World After Epstein Ties Exposed DP World Ltd. Chief Executive Officer Sultan Ahmed Bin Sulayem resigned, one of the most influential businesspeople to be felled by his involvement with the disgraced financier Jeffrey Epstein.

DP World CEO Sultan Ahmed Bin Sulayem has resigned, one of the most influential businesspeople to be felled by his involvement with the disgraced financier Jeffrey Epstein.

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Norway Wealth Fund Fires Manager in Turkey After Trading Fines Norges Bank Investment Management, Norway’s $2.1 trillion sovereign wealth fund, cut ties with a finance firm in Turkey after regulators fined one of its top managers for improper trading.

Norway's sovereign wealth fund fired a fund manager in Turkey to which it had allocated $600m. The move came soon after local regulators accused the firm - İstanbul Portföy - of arranging illicit stock trades. Story w/Kerim Karakaya via @bloomberg.com.

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Lars Windhorst Sued in US for Reneging on Bond Repurchase Deal Lars Windhorst, the embattled German financier who has faced multiple lawsuits in recent years, was sued in the US for allegedly failing to repay millions of dollars in debts arising from a bond deal ...

Lars Windhorst, the embattled German financier who has faced multiple lawsuits in recent years, was sued in the US for allegedly failing to repay millions of dollars in debts arising from a bond deal with a firm in Dubai. Story via @bloomberg.com. www.bloomberg.com/news/article...

One of Dubai’s Most Powerful Executives Discussed Sex, Business With Epstein Emails show Sultan Ahmed bin Sulayem corresponded with the disgraced financier for more than a decade after Epstein was first jailed in 2008 for procuring a minor for prostitution

“Jes Staley tells me he is to see you a week from Monday… he is one of us,” wrote Jeffrey Epstein in a 2009 email to Sultan Ahmed bin Sulayem, chairman/CEO of DP World, one of most powerful execs in Dubai. Bleak story from @harrynwilson.bsky.social & team via @bloomberg.com

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Collapsed FX Broker’s Derivatives Counterparties Hit by 98% Loss Officials winding down Argentex Group Plc have walked away from a volatile portfolio of currency derivatives that helped cause the UK brokerage’s collapse, with customers facing a near-total wipeout o...

Administrators winding down Argentex have walked away from a batch of volatile derivatives that helped cause its collapse. Most counterparties that were staring at a loss on the trades are off the hook - those that were profitable get a 98% loss. Story via @bloomberg.com

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Ryan Reynolds’ Wrexham Tied Up in Collapse of FX Broker Argentex Wrexham AFC, the Welsh soccer club controlled by Hollywood stars Ryan Reynolds and Rob McElhenney and backed by Apollo Global Management Inc., has been caught up in the collapse of UK currency brokera...

Wrexham AFC, the Welsh soccer club owned by Hollywood stars Ryan Reynolds and Rob McElhenney, has been ensnared in the collapse of FX brokerage Argentex. Story w/Greg Ritchie via @bloomberg.com, gift link below.

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Ex-Lazard Banker Justin Kim Working on Insider Trading Plea Deal A former dealmaker at Lazard Ltd., one of Wall Street’s most prominent investment banks, is negotiating a guilty plea to charges he leaked pending takeovers to associates who made $41 million from ins...

The ex-Lazard banker at the heart of a $41m alleged insider-trading racket is negotiating a plea deal with US prosecutors. Story w/David Voreacos via @bloomberg.com, gift link below.

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Nomura Sued by Adani-Linked Fund Accused in Short-Seller Report Nomura Holdings Inc.’s loans to an investment fund embroiled in a short-selling firm’s allegations against Indian billionaire Gautam Adani have come under scrutiny in a London lawsuit.

A UK lawsuit reveals an intriguing relationship meltdown between Elara Capital -- the obscure London fund accused by Hindenburg Research in 2023 of manipulating Adani Group shares -- and its lender Nomura. Story w/Jonny Browning via @bloomberg.com shorturl.at/xcvPw

Fake Cancer Doctor Insider Trading Also a Kelly Services poison pill and betting on roosters.

"'The Rolex, whatever, but imagine risking prison in exchange for “help in drafting slides for a PowerPoint presentation.”" @matt-levine.bsky.social's take on the Lazard insider-trading case via @bloomberg.com shorturl.at/nwb7C

HSBC Ex-Chairman Mark Tucker to Stay On as Adviser to Lender As Brendan Nelson begins his first year as the new chairman of HSBC Holdings Plc, there’s one familiar face he will still likely see around the office: his predecessor Mark Tucker.

After an exhaustive months-long search for a new chairman ended last year, HSBC has decided to keep a special advisor: the old chairman, Mark Tucker. He will remain in the bank's orbit even as he chairs rival AIA in Hong Kong. Story w/Harry Wilson via @bloomberg.com.

Gift link: shorturl.at/942GK

Ex-Lazard Banker’s Insider Tips Reaped $41 Million Haul, US Says A former dealmaker at Lazard Ltd., one of Wall Street’s most prominent investment banks, is accused by US authorities of feeding tips on health-care deals to a friend’s network of insider traders, who...

'Get ready bro - sh!t's about to pop off.' An ex-Lazard banker is accused of tipping off an insider-trading ring to more than $60b of health-care M&A deals. They include some of the biggest deals that Lazard has worked on in the sector. Story via @bloomberg.com.

Gift link: shorturl.at/gLCsp

Bulk of Stenn’s $1 Billion Debts Remain Outstanding Amid Probe Officials overseeing the wind-down of Stenn Technologies, the UK invoice-finance firm backed by Wall Street investors, have recovered about one tenth of the funds owed so far as they continue to probe...

Stenn, the Wall St.-backed invoice-finance firm, was owed ~$1b when it collapsed in Dec. 2024. This was supposedly made up of short-term invoices owed by big corps around the world. Yet admins have only tracked down £93m of it so far. Story via @bloomberg.com

Gift link here: tinyurl.com/ycx5ad2j

Brian Kahn Pleads Guilty to Defrauding Hedge Fund Investors Brian Kahn, the former chief executive of Franchise Group Inc., pleaded guilty to defrauding hedge fund investors of about $300 million, a scandal that hastened the collapse of the retail company he b...

Brian Kahn, a US businessman backed by banks inc. B. Riley and Nomura as recently as 2023, has pleaded guilty to defrauding investors out of hundreds of millions of dollars. Via @bloomberg.com.

www.bloomberg.com/news/articles/2025-12-10/brian-kahn-pleads-guilty-to-defrauding-hedge-fund-investors

How Epstein’s Wall Street Contacts Helped Him Build Wealth and Power The disgraced financier maintained an abundance of access across the finance industry and was willing to play hardball to secure wealth and influence.

NEW investigative report: "Things will get really nasty." Hedge funds. Brokerages. Billionaires. Jeffrey Epstein’s financial ties on and off Wall Street were broader than previously known, a cache of emails @bloomberg.com obtained earlier this year reveals
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