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Byju’s hid $533 million in...

One of India’s hottest tech companies,...

Byju’s hid $533 million in hedge fund once run from Miami IHOP, lenders allege

One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.Byju’s last year transferred more than half a billion dollars to Camshaft Capital Fund, the investment firm founded by William C Morton when he was just 23 years old, some Byju’s lenders claim in a lawsuit. Morton’s fund received the money despite an apparent lack of formal training in...

Byju’s hid $533...

One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place...