Man Financial has submitted a court filing seeking to
discredit the testimony of an expert witness called by hedge
fund Philadelphia Alternative Asset Management (PAAM)'s
receiver Clark Hodgson in the ongoing dispute over the losses
sustained by PAAM, leading to the hedge fund's collapse last
year (see FO Week Vol 10 No 39).
The witness, James Brucki, who has held various roles at
Chicago Board Options Exchange, made a string of fifteen
assessments in his statement to Eastern District of
Pennsylvania Court to the effect that the activity in the PAAM
accounts held by Man Financial had been at least unusual. Man
had claimed that no losses were concealed by the use of
different customer accounts.
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