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Pimco to pay $20m, settles charges over ETFs

The Securities and Exchange Commission has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20m to settle charges that it misled investors about the performance of one its first actively managed exchange-traded funds (ETFs) and failed to accurately value certain fund securities.

Hedge Fund

Hedge fund gains 22% in November following dollar bet

Dymon Asia Capital (Singapore)’s currency hedge fund gained an estimated 22% in the first 25 days of November as bets on weaker Asian currencies paid off, with some investors making triple that gain by putting money into a highly leveraged version.