Sydney Morning Herald – On June 30, managers acting for Trio Capital poured $47 million of their investments into a fund that is now being investigated for the whereabouts of $118 million in hedge fund investments.
Administrators called in before Christmas to oversee Trio Capital say they are unable to determine what assets have been bought with $118 million invested through the Astarra Strategic Fund.
Inquiries have focused on a company registered in the British Virgin Islands, EMA International, which has provided statements but no proof of investments in hedge funds.
