The US Securities and Exchange Commission has filed a civil injunctive action charging ThinkStrategy Capital Management and its sole managing director, Chetan Kapur, with deceptive conduct in connection with ThinkStrategy Capital Fund and TS Multi-Strategy Fund.
ThinkStrategy Capital Fund traded primarily equities, while the larger TS Multi-Strategy Fund is a fund of hedge funds that holds investments in other hedge funds. At its peak in 2008, ThinkStrategy managed approximately...