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Distracted By Market, Hedgie Misses Car

From Bloomberg:

Bertrand Des Pallieres, founder of the SPQR Capital LLP hedge fund, said he was so focused on the swings in financial markets that he didn't notice his 80,000-pound ($160,000) sports car had been impounded by London authorities.

The 39-year-old, who quit Deutsche Bank AG in April to set up the fund, said in a telephone interview he amassed "thousands of pounds" in fines from unpaid congestion-charge fees and taxes. Authorities seized the blue Maserati Cambiocorsa in late May. Des Pallieres didn't realize it had been taken until this month.