Tuesday, 28 July 2015
Last updated 16 hours ago
Mar 26 2008 | 2:00am ET
In the wake of regulatory complaint against it, Pentagon Capital Management has decided to close shop.
The London-based firm told investors this week that it will wind down and return their money, the Daily Telegraph reports.
The US$1 billion fund last week was slapped with a civil complaint by the U.S. Securities and Exchange Commission, accusing it of illicit mutual-fund market-timing. According to the complaint, the alleged malfeasance took place between 1999 and 2003 in Pentagon’s former fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…