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HSBC Shutters Hermitage Fund as Russia Chases Browder in Courts
HSBC Holdings Plc is closing Hermitage Capital Management Ltd.’s flagship Russia fund just as its co-founder, William Browder, is being sued for libel in London and tried in absentia for tax evasion in Moscow. “It was too small to continue as a viable concern,” Browder said by phone yesterday from…
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Click here to read the full story: SF Gate