US hedge fund slams Robur for French tech investment

Hedge fund Muddy Waters says French tech firm is likely involved in fraud after EY refuses to sign off on accounts. While the stock price tumbles, Muddy Waters also criticizes Swedbank Robur, as the stock dominates one of its funds, as well as two other managers.

Photo: Swedbank Robur/PR

The stock of French tech firm Solutions30 (S30) tumbled more than 60 percent on the Monday, after it became public knowledge that its auditor EY refused to sign off on its financial statements.

The firm opted to publish the unaudited accounts along with EY's explanation for its stance, writes Swedish financial daily Dagens Industri.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch