CASE STUDY: Shanghai Chaos Investing Co

Shanghai Chaos Investing Co was set up in 2005 by Weidong Ge, and its assets have increased tenfold in the past six years, sources close to the fund told Metal Bulletin.

Shanghai Chaos now manages “several tens of billions of yuan” in assets (10 billion yuan equals $1.6 billion), up tenfold from 2008, with the vast majority of the funds belonging to chairman Ge, who fully owns the company, sources close to the fund said. (Observers estimated assets under management as 30 billion yuan.)

Ge returned $1 million and paid a $500,000 penalty to settle...


June 27, 2014

06:00 GMT