Ex-hedge fund manager banned for fare dodging

A former BlackRock investment manager has become only the second person to be banned for personal dishonesty by Britain’s financial watchdog after he was caught dodging fares worth £43,000 (€54,000) on his daily commute into London.

When the story broke in April, British newspapers quoted commuters angry that an anonymous hedge fund manger dubbed the “biggest fare dodger in history” was allowed to settle quietly with the railway company without being prosecuted.

The story led to an investigation by the Financial Conduct Authority and Jonathan Paul Burrows, a senior figure at the world’s largest investment manager, was later unmasked by a newspaper.