The Economic Times – An Indian father and son who ran two small hedge funds catering to Silicon Valley Indian professionals are facing a lawsuit by angry investors alleging the two hid big losses in 2008.
The lawsuit alleges Vishwas Godbole, 64, told investors in 2008 that the funds were withstanding the financial crisis, but a year later he told them the funds’ value had actually dropped by a combined $18 million, according to mercurynews.com, a news site that focusses on Silicon Valley.
