Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

SESC Proposes $4.4 Million Fine for Singapore-Based Firm

Aug 01, 2013
Jing Chen

Japanese regulator Securities and Exchange Surveillance Commission recommended on Wednesday that a Singapore-based hedge fund should pay a hefty fine for market manipulation.

SESC said in a statement that Juggernaut Capital Management should pay $4.38 million for inflating the share price of real estate developer Rise for 26 business days last year between March 21 and April 25.

The regulator alleged that Juggernaut placed large orders for the shares at high prices using a fund it controlled in the Cayman Islands to give investors the impression that Rise had strong demand, while simultaneously selling the shares. The firm profited about $2 million illegally as result.

The Financial Services Agency will need to approve the fine.

Juggernaut was founded by former Lehman Brothers’ managing director Yashwant Bajaj in 2011.


Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy