New details have emerged in the scandal surrounding Russian hedge fund Blackfield Capital, whose founder disappeared last October, allegedly with all of the company's assets, and hasn't been heard from since. In a report published by the Wall Street Journal, former employees of the company — which has since gone bankrupt — said the founder, Kim Karapetyan, had plans for expansion into the West. Blackfield Capital had all the appearances of a smashing Russian success story. Launched in 2009, the company specialized in algorithmic trading and was trading as much as 2 percent of futures and options contracts on the Moscow Stock Exchange by 2013, the report said. Karapetyan reportedly told employees that the firm had once managed $300 million in assets.
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INC News, 06/01/2015 - via MT
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