Hedge Fund Manager Swiped $44M, Feds Say
Courthouse News Service – A Beverly Hills man defrauded his family and friends of $44 million by persuading them to invest in his two nearly worthless hedge funds and spent the money on a Malibu Beach...
View ArticleFlowering Tree to Grow Hedge Fund in ‘Fertile Environment’
Bloomberg – Flowering Tree Investment Management Pte, set up by the co-founder of New York-based Sansar Capital Management LLC, plans to grow its Asian equities hedge fund by about 20 times its...
View ArticlePenjing’s Wu to Expand Seeding of New Hedge Funds
Bloomberg – Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new...
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