Mercury News – A father and son who ran a pair of small hedge funds catering to Silicon Valley Indian professionals are defending themselves against a lawsuit filed by angry investors who say the two hid big losses in 2008.
The lawsuit is a sour turn for what started as a small investment fund for the family of retired tech executive Vishwas Godbole and a few close friends. By 2008, it had grown to about 150 investors with $90 million in two separate funds, Opulent and Opulent Lite. The investors were valley professionals, graduates of India’s top tech schools, and people who came from the same region in western India.
