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Private Equity Fund Loses Privacy Ruling in Racism Case
Bloomberg
1/20/2021
Jonathan Browning
© Bloomberg
Skyscrapers in the square mile financial district of the City of London, U.K., on Monday, Jan. 4, 2021. Britain s long-awaited trade deal with the European Union still leaves many questions unanswered for the world s biggest banks, trading venues and money managers as they prepare for a rupture in the region s financial system.
(Bloomberg) A private equity fund backed by families in Hong Kong and Qatar lost a bid to keep claims of fraud, racism and anti-Semitism away from public scrutiny.
London-based Queensgate Investments LLP wanted to hold further court proceedings in private. But Judge James Tayler said the upcoming hearing should be in public, saying investors and others shouldn’t be prevented from learning about claims alleging financial misconduct. ....

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