A court has ruled the failed $23 million Goldsky hedge fund broke the law by operating without a proper financial services licence in Australia.
In a Queensland Supreme Court judgment delivered on Thursday morning, Justice Peter Flanagan delivered another blow to the former high-flying Kingscliff-based fund.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
