Epsilon Capital Management's First Quarter Asia Pacific (Emerging) Economic Round Up. This is Epsilon Capital Management's 2 Part Series on the Emerging Asia Pacific Economies for the 1st quarter of 2012. In the 1st part of our report we will look across the region as a whole and more specifically at China, India and South Korea.
New York (HedgeCo.net) - The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg. The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company's debt, Bloomberg said, "Seventeen funds affiliated with the financier's Westford Investment Management LLC and Epsilon Investment Management LLC were named as defendants in the complaint filed by Kelley."