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Problems Worsen For Arki Busson’s Hedge Fund

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Problems have deepened for the investment company run by Arpad ‘Arki’ Busson, the flamboyant hedge fund manager, after the Swiss money manager posted further multi-million dollar losses in the first six months of the year. LumX, which was known as Gottex until 2015, filed losses of $4.5m in the period to the end of June, according to its interim report, meaning the hedge fund group has now racked up losses of more than $37m in three-and-a-half years.

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