New York (HedgeCo.net) – Oregon securities regulators are looking into two Portland hedge funds, Grifphon Asset Management and Sasquatch Capital, after investors reported problems with withdrawls, OregonLive.com reported.

The Oregon Division of Finance and Corporate Securities is investigating the two managers, Yusaf Jawed and Lyman Bruhn, for fraud.

“I do know investors have concerns,” Jawed said, commenting on the allegations. “Some investors want to get out. It’s very frustrating for all of us, frustrating for me, frustrating for the clients, and I understand.” He also said it is just a matter of time untill the investors get their money, the local paper reported. “Investors have done really well with us.”

Jawed denied wrongdoing, while Bruhn was not available for comment.

Alex Akesson
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