Investors to recoup $25m from Hong Kong hedge fund collapse

The Securities and Futures Commission has recovered HK$191m ($24.6m) of assets from the Cayman-domiciled Athena Fund, which was a product from asset manager Descartes Athena Fund SPC. “The SFC alleges the Athena Fund was an outright fraud,” said Mark Steward, the SFC’s executive director of enforcement.  “Our action to have the assets frozen prevented them […]

Part of the Bonhill Group.