Jefferies-linked fund has almost $500 million exposure to trader Radiant World, FT reports

Jefferies-linked fund has almost US$500 million exposure to trader Radiant World, FT reports

LAM Trade Finance Group II secured a freezing order from a London Court against Radiant World. Read more at straitstimes.com.

Jefferies-linked fund has almost $500 million exposure to trader Radiant World, FT reports

A fund run by a unit of U.S. bank Jefferies has nearly $500 million of exposure to ​iron ore trader Radiant World, its founder and ‌another entity, the Financial Times reported on Saturday.

Jefferies-Linked Fund Wins $499 Million Freezing Order Over Radiant World

A Jefferies-linked fund won a London High Court freezing order covering up to $499 million in assets tied to iron ore trader Radiant World, after Jefferies found the invoices behind its financing were fake. It's the second fraud-linked blowup this year for the fund family, following losses tied to First Brands' collapse.

Jefferies-linked fund has nearly $500M exposure to iron ore trader Radiant World

The freezing order highlights growing risks in trade finance, prompting industry giants to reassess exposure and trust in invoice-based deals.

Jefferies fund caught with $500mn exposure to second alleged invoice fraud

Point Bonita, which bankrolled collapsed First Brands Group, emerges as big creditor to Radiant World