industry news
Some German retail investors in the Austrian trend-following Quadriga hedge fund, could qualify for compensation for losses from the fund. Lawyers have suggested some may have bought certificates linked to the fund via online marketing companies without the regulatory license to sell hedge fund-linked products. Quadriga, which denies the claims, last year caught the eye of the US regulator, the Securities and Exchange Commission (SEC), which asked the firm to stop labelling one of its products a 'hedge fund' for marketing in the US. In the latest development it is alleged that Dim...
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