Wednesday, 30 July 2014
Last updated 5 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…