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Alternative Market Briefing

Blackfield Capital’s future bleak as founder remains missing

Monday, January 05, 2015

Komfie Manalo, Opalesque Asia:

Almost three months since the mysterious disappearance of its 29-year-old founder, Kim Karapetyan, the future of Blackfield Capital CJSC, once one of Moscow’s hottest hedge funds, remains bleak.

According to The Journal, Karapetyan stopped reporting in his Moscow office in October 2014. And since his disappearance, the firm’s $20m assets, including investors money, also disappeared.

Blackfield’s employees were not aware of any trouble until in mid-October when senior executives told them there was no money left to pay for their salaries and at the same time three men barged into their office looking for Karapetyan.

Several days after Blackfield’s CEO went missing, a person who identified himself as Karapetyan contacted senior staff members and investors of the firm using a cryptic message and a temporary email address telling them that he had to run because of unspecified threats against him. He reportedly told investors that he would return their money but did not provide details on how to contact him.

Sergey Grebenkin, a software developer at Blackfield was quoted as saying, "Our CEO just…disappeared." Karapetyan simply vanished without a trace as his LinkedeIn and Facebook accounts were deleted as well as his Gmail account. His cellphone number was disconnected.

Aram Ghushian, Blackfield's head of algo......................

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