U.S. investors in Cayman fund Charitable DAF call for investigation into ‘management misconduct’ - OffshoreAlert

U.S. investors in Cayman fund Charitable DAF call for investigation into ‘management misconduct’ - OffshoreAlert

Citing the need for "an investigation into allegations of misconduct on the part of management", four U.S. charities that invested in a Cayman Islands investment fund for philanthropists called Charitable DAF have applied to replace the voluntary liquidators of its limited partner and have the liquidation supervised by the local court. The limited partner's directors are Mark Patrick and Paul Murphy.