Tudor-Backed Firm Sues Merrill After Tax Trades Only Yield 46%

Edit Bloomberg 23 Jun 2016
Lycalopex (Dubai) Ltd., a joint venture between Tudor Investment Corp ... The strategy, which took advantage of a French tax treaty enabling arbitrage, became less profitable after a rule change in 2012, shortly after Lycalopex and Bank of America Merrill Lynch started the trades ... In February 2013, Bank of America’s then head of prime brokerage, Stu Hendel, sent an e-mail to Lycalopex saying ... Lycalopex (Dubai) Ltd....
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