Fund Of Funds Sues AbCap, Homm

Jul 7 2008 | 7:48am ET

Troubled hedge fund group Absolute Capital Management keeps finding more of it.

A U.S. fund of hedge funds has sued AbCap and its co-founder, accusing the latter of defrauding investors and the former of letting it happen.

Evergreen, Colo.-based White Peaks Asset Management sued the firm and Florian Homm, whose abrupt departure last year sent AbCap into a downward spiral, in Denver federal court last week.


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