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Private Equity Fund Loses Privacy Ruling in Racism Case

  • Queensgate Investments has been sued by former executive
  • Fund denies claims, but has self-reported the issue to FCA
City of London On First Full Working Day Since U.K. Left The EU
Photographer: Jason Alden/Bloomberg
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A private equity fund backed by families in Hong Kong and Qatar lost a bid to keep claims of fraud, racism and anti-Semitism away from public scrutiny.

London-based Queensgate Investments LLP wanted to hold further court proceedings in private. But Judge James Tayler said the upcoming hearing should be in public, saying investors and others shouldn’t be prevented from learning about claims alleging financial misconduct.