The Japanese authorities have decided to strip hedge fund
firm Japan Advisory of its licence to operate in the country
for allegedly breaching insider trading rules, creating a
ripple of shock among hedge fund advisors and managers who fear
other potential actions from the Japanese regulators.
Japan Advisory is the advisor for JH Whitney, the New York
and Singapore-based alternative investment manager led by Ed
Brogan, which for several years was among the biggest and more
successful overseas hedge funds investing in Japan.
While it was not immediately clear as...