Another Trade Finance Fund Implodes in Echoes of Greensill
- Barak fund provided loans to borrowers across African nations
- 54% of its assets are stuck in illiquid holdings: document
Source: Getty Images
This article is for subscribers only.
Want the lowdown on what's moving Asia’s markets in your inbox every morning? Sign up here.
Barak Fund Management’s $1 billion money pool is preparing to sell its frozen assets in the latest case of implosion at a provider of trade finance.