<< Read Full Article
<< Read Full Article
Hong Kong Hedge Fund in Disarray
A once-flourishing Hong Kong hedge fund has been shut down by regulators and up to $56 million in investor money is missing after the arrest of its manager, officials said Wednesday.
The fund probably will be liquidated once the chaos is sorted out, according to a letter sent to investors.
CSA Absolute Return, a fund of hedge funds run by Hong Kong-based Charles Schmitt & Associates and managed by founder Charles Schmitt, was frozen Wednesday by the Hong Kong Securities and Futures Commission. The commission acted on a tip provided by the management firm's chief financial officer and managing director. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet