Kijani Fund Seized As Belvedere Management Probe Expands

It ain't easy being sleazy. Just ask the execs at Mauritius-based Belvedere Management, a financial servicing firm that counts over 100 smaller hedge funds as clients that was suspended by regulators in April of this year. Or Richard Fagan, the jet-setting, polo playing head of the Kijani Fund, who saw his $130 million fund seized by Cayman Island regulators less than two month ago.

Analysts note that with the seizure of Kijani, another domino has fallen in the ongoing global Belvedere...

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