Court Dismisses Hachiman Lawsuit

Apr 24 2013 | 10:19am ET

A Singapore court has dismissed a lawsuit arising from a dispute between the founders of hedge fund Hachiman Capital Management.

Toro Ueda had sued Yashwant Bajaj, accusing his former partner of violating their separation agreement by moving US$458,965 from Hachiman to his new hedge fund, Juggernaut Capital Management. A Singapore High Court assistant registrar threw the case out last week.

Ueda had sought at least US$365,400 from Bajaj, alleging also that Bajaj had failed to account for a US$247,197 trading loss. A lawyer for Bajaj told Bloomberg News that Uedo still has a US$77,000 claim against his client over that loss allocation.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note