Monday, May 23, 2011

Millionaire hedge fund boss accused of spying on employees


smh.com.au

She is a glamorous and ambitious businesswoman who rose to become the highest-paid female in Britain and one of the world's wealthiest women.

Elena Ambrosiadou, who made an estimated £200 million ($305 million) after setting up a London-based hedge fund, enjoys a glamorous social life and has several expensive homes, a private jet and a £60 million yacht.

But behind the scenes at her £1.65 billion fund, Ikos Asset management, the entrepreneur has been embroiled in bitter disputes with employees, including her estranged British husband, Martin Coward, 52, one of the world's leading financial mathematicians and co-founder of the company. Now one former senior employee has claimed that, as the strife deepened, Ms Ambrosiadou began a large-scale spying operation against her employees.

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