Watchdog Hits London Hedge-Fund Founder with Ban and £100,000 Fine for Market Abuse (FNLondon.com) The chief investment officer of a Mayfair hedge fund has been banned from financial markets and fined £100,000 for misleading trades that amounted to market abuse. Corrado Abbattista, previously chief investment officer of Fenician Capital Management, placed large misleading trades that created the false impression that there was a large buyer in the market for the shares of several companies, the Financial Conduct Authority said.