Ambassador’s son ‘ran companies when disqualified’

The son of a former US ambassador has appeared in court accused of running companies including a hedge fund while disqualified. Charles Price, 50, is said to have run Palmer Capital LLP while prohibited as an undischarged bankrupt. Palmer Capital, owned by British entrepreneur Peter Dubens, raised billions of pounds for hedge funds from institutional investors and wealthy families. Price, from Los Angeles, faces five charges of being a prohibited person acting as a company director without leave of the…