Today we had the revelation from the Financial Times that Tiger Global who run one of the world’s largest hedge funds used a shell company based in the Cayman Islands to short sell Quindell.
We now know the identity of Roble SL.
The release of the FT article raises interesting questions and I’m sure eventually those investigating Tiger Global will establish links and clarify the issues raised below:
1. Links with other interested parties.
Establishing Tiger Global are behind the Roble SL short of Quindell is a giant leap forward. The next step is to establish a link between Tiger Global and any organisation that has published any information that has had a negative impact on the share price. This would be clear share price manipulation.
For example have Tiger Global worked with Gotham City Research who issued the discredited Gotham report?
It is very interesting Gotham claimed in their report that they walked to Quindell’s New York office to establish office empty. Is it a coincidence that Tiger Global’s office is within 3 minutes walk of Quindell’s office?
2. Timing of the FT article
Is it a coincidence that as soon as Robert Terry resigns and shorters start to close their positions that the FT article is published?
Have FT been holding back publishing of the article for any reason?
3. FCA Investigation into Quindell share manipulation
Private Investors have provided FCA with a wealth of information regarding short selling and manipulation of the Quindell share price and have also lobbied MP’s and Ministers to put pressure on the FCA to take action.
Coatue and Tiger Management have also been involved in the short selling of Quindell.
Coatue was founded by an ex employee of Tiger Management, as was Tiger Global.
With the revelations about Tiger Global will this be the final piece of information that makes the FCA finally take action?
The revelation that Tiger Global are behind the shorting of Quindell could be the key that unlocks information regarding the paymasters of the publishers of numerous spurious articles undermining Quindell.
In the next few days the tenuous links between Fidelity, Tiger Global, Robles, Gotham and Coautes will after further investigation become far less tenuous and could establish that UK financial rules have been breached.