Representatives overseeing the liquidation of Three Arrows Capital want a U.S. court to subpoena the founders.
Representatives overseeing the liquidation of defunct hedge fund Three Arrows Capital are asking a U.S. court to subpoena the founders.
New court documents filed on Friday in the Southern District of New York show that representatives for Teneo want to compel the founders and others involved with 3AC to produce records and testify in order to get a fuller picture of the fund's assets. Until now, Teneo representatives contend that Zhu, Davies and other investment managers have provided only"selective and piecemeal disclosures" through their lawyers.
Teneo representatives previously requested that the Singapore law firm representing the founders accept service of papers. The firm, Advocatus Law, resisted.
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