JEFFERIES FUND EXPOSES RADIANT WORLD CASH GAP

A Jefferies-managed trade finance fund is challenging commodity trader Radiant World's claim of more than $1 billion in receivables on its books. In London court filings, Radiant World admitted holding just $10,000 in cash, down from $200 million a year earlier. The gap led a judge to freeze Radiant World's assets worldwide, while the $JEF fund behind the case keeps digging through the missing invoices.