ISEQ-listed fund under investigation
A $900m (€755.62m) hedge fund listed on the Irish stock exchange is at the centre of an investigation by the US securities and exchange commission, into allegations that the value of the fund reported to investors were overstated.
The Trinity fund is the flagship fund for hedge-fund group, the Clinton group, whose senior trader Tony Barkan quit last month making allegations that his employer was inflating the value of a number of funds it operated.
Clinton has appointed accountants PWC to examine its valuation procedures, and in a statement to the Irish stock exchange today says it will cooperate with the SEC investigation, and a separate probe by the US commodity futures trading commission (CFTC).
