The civil trial arising from the collapse of Weavering Capital (UK) Limited (Weavering Capital) against its founder Magnus Peterson (and others) commences in the High Court today (Monday 17 October).

Weavering Capital is the former London-based hedge fund management firm that was the investment manager of the Weavering Macro Fixed Income Fund Limited (the Macro Fund), the Cayman Islands hedge fund that collapsed in March 2009 leaving its investors, including charities and pension funds, with losses of over USUSD530m.