Court case tipped for big impact on hedge funds

A landmark court ruling offering guidance on acceptable fund marketing practices has major implications for hedge funds in Hong Kong, says the lawyer who won the case on appeal. Pacific Sun Advisors and its director, Andrew Mantel, had been charged in 2013 with issuing unauthorised advertisements to the public to subscribe to a collective investment scheme (CIS), in contravention of the Securities and Futures Ordinance. The ordinance requires any advertisement containing an invi…