Longtop Financial Technologies Hedge Funds

Hedge Funds with Stakes in Longtop Financial Technologies

The last couple of days have not been kind to Longtop Financial Technologies, or its hedge fund investors. The firm's stock has fallen an incredible 25% in the last few days since Citron Research put out a report alleging that Longtop Financial Technologies' financial statements were fraudulent. Seven hedge funds may have been hurt by this as they held large positions in the firm at the end of 2010.

1. Lee Ainslie’s Maverick Capital: $142 Million invested at the end of December

2. Chase Coleman’s Tiger Global Management: $94 Million invested at the end of December.

3. Stephen Mandel’s Lone Pine Capital: $76 Million invested at the end of December.

4. Eric Mindich’s Eton Park Capital: $72 Million invested at the end of December.

5. Miguel Nogales’ Generation Investment Management: $31 Million invested at the end of December.

6. Phill Gross’ and Robert Atchinson’s Adage Capital: $19 Million invested at the end of December.

7. J Kevin Kenny Jr’s Emerging Sovereign Group: $13 Million invested at the end of December.

Source

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Tags: Longtop Financial Technologies Hedge Funds, Longtop Financial Technologies, Hedge Funds Longtop, Investors, Fraud

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