SFC freezes assets of Hong Kong hedge fund

Apr 28, 2009

The Securities & Futures Commission moves to freeze more than $110 million in assets of Descartes Athena Fund on suspicion of defrauding investors in Taiwan.

Hong Kong's Securities & Futures Commission (SFC) has been granted an injunction order by the High Court to freeze more than $100 million in assets of Hong Kong-based hedge fund Descartes Athena Fund on suspicion of fraud.

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