FINalternatives, 28 Feb 2012The Monetary Authority of Singapore will begin to work with the doomed hedge fund on the withdrawal of its exempt fund manager status, according to Bloomberg News. The regulator last year ordered 3 Degrees to close and last week defeated the hedge fund's appeal of that order.
The regulator last year found 3 Degrees to have improperly channeled money into a company controlled by founder Mohammed Ibrahim. Full story
