Hedge & Sachs: What’s the real story behind investors’ Dh500 million claims?
Dubai: Investors seeking repayments from Hedge & Sachs have reported stopped payments, while the company’s Dubai offices have closed, according to Financial Times reporting. Public disclosures also detail its advisory licence, investment offerings and earlier financial liabilities. Get updated faster and for FREE: Download the Gulf News app now - simply click here. The Financial Times reported…
Dubai-based Hedge & Sachs is facing claims from around 1,000 investors who allege they invested a combined Dh500 million with the company. However, the company has reportedly closed its Dubai offices and stopped making payments to investors. The Financial Times reported that authorities are investigating the claims and considering travel bans on the company's management.
Hedge & Sachs describes itself as an advisory-driven investment house, offering a range of investment opportunities, but its advisory license does not cover asset and fund management activities. The company's website lists a 200-member team and operations in multiple countries, but a former employee claims the company has experienced delays in salary payments and commissions, attributing them to temporary banking issues.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
