Icap's Mercorella named in Rogers, Refco case

Former Refco business development executive Robert Mercorella, who recently joined Icap (see FO Week Vol 11 No 12) was last week facing legal accusations that he and other executives breached their fiduciary duties to investors in Rogers Raw Materials Private Fund. Mercorella, who also worked at Beeland, which managed the fund, was claimed to have been involved in transferring assets to Refco prior to the latter firm's spectacular collapse last...