Singapore Central Bank asks 3 Degrees to stop operating (Fund News)
3 Degrees Asset Management, a hedge fund with $250m under management, was asked by Singapore’s central bank to shutter its operations following allegations that founder Moe Ibrahim diverted assets.
The Greek parliament has approved a controversial property tax that aims to plug a budget hole and help unlock bailout funds needed to prevent the country from defaulting.
UK funds house Liontrust Asset Management said its assets fell more than 6 percent in its first-half, despite pulling in new client money in August, after slumping stock markets hit its core range of equity funds.
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