Friday, 30 January 2015
Last updated 33 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…