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Stock impact report

Hedge Fund Altana Accused of Taking Secrets by Partner After Deal Soured [Yahoo! Finance]

BGC Group, Inc. - Class A (BGC) 
Last bgc group, inc. - class a earnings: 8/2 04:20 pm Check Earnings Report
Company Research Source: Yahoo! Finance
5 min read In This Article (Bloomberg) -- A London-based investment firm accused a hedge fund of misusing trade secrets to set up its own lucrative fund, according to allegations at a UK trial. Most Read from Bloomberg Illiquidx Ltd. sued the hedge fund Altana Wealth Ltd. following a failed attempt to set up a joint venture in 2019. The relationship broke down within months and Altana allegedly used the confidential information shared during the short-lived partnership to set up a sanctions-compliant fund to invest in Venezuela's sovereign debt, Illiquidx says in documents prepared for the trial that started this month. The dispute, playing out in London's High Court, shows just how much could be at stake for those trading in the debt of Venezuela's defaulted notes. Having jumped in value last year, some holders are hoping that further gains will mint lucrative profits. The scale of the potential returns make such court cases worth fighting. “You and I share twice the pie Show less Read more
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