Capula Investment Management’s former US compliance officer, Igor Abramov, has filed a lawsuit claiming he was wrongfully terminated after raising concerns over the firm’s expense practices and trading activity, according to a report by Bloomberg.
Abramov alleges that Capula, a $32bn multi-strategy hedge fund, charged investors for artwork, private jet travel, and other pass-through expenses without proper disclosure. He also claims the firm engaged in potentially improper cross-trading between funds, which could have benefited one fund at the expense of another.
The lawsuit, filed in Manhattan federal court, states Abramov repeatedly raised these issues internally, including with CEO Enrico Corsalini, but faced pushback and threats of retaliation. He was ultimately fired in July 2025 after halting a convertible-bonds strategy over risk concerns.
Capula has denied all allegations, calling the claims “wholly without merit” and stating the firm “has always operated to the highest standards of compliance.”
