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Published : 16 Sep 2025, 11:24 AM
Asset management firm LR Global Bangladesh has called out efforts by competitors to orchestrate a “coordinated misinformation campaign” aimed at damaging its reputation and undermining investor confidence.
In a statement on Tuesday, the company said that at least one reporter was working in cahoots with its rivals to sway regulators and business associates against it.
“We have once again observed our competitors, in collaboration with at least one reporter, spreading misinformation in the media. This is not the first time.”
COORDINATED ACTIONS
LR Global, an affiliate of New York–based investment holding company LR Managers Investments, emphasised the campaign was not isolated but part of a long-running effort involving rivals, certain regulators, and service providers. The firm noted that since 2014, it had faced “illegal and unethical actions” designed to disrupt its operations and drive it out of the market.
These actions included “false accusations, disruption of business and investment activities, collusion, weaponising service providers to unjustifiably act against LR Global and its funds, market manipulation of our exchange traded funds, [and] unjust account freezes and regulatory overreach", it said.
The company described the alleged tactics as a “sustained campaign” continuing into 2025.
LR Global underscored its strong financial performance, noting that all its managed funds had outperformed the market benchmark by 88.5 percent since 2008 and had returned over 70 percent of investor capital in dividends.
The firm also stressed that there had “never been any proven allegation” against it. It pointed out that concerns raised in the past were clarified by the Bangladesh Securities and Exchange Commission in February and March 2022.
ADVERSE IMPACT ON MARKET
The company warned that attempts to discredit it were having wider consequences for Bangladesh’s financial sector.
“It is deeply disheartening that when investment professionals like LR Global dedicate our efforts, creativity and innovation to fix ailing companies, actions like these not only harm LR Global but also discourage other professional investment managers,” the statement read.
It added that such efforts, particularly during a fragile economic period, were “alarming” and had a “substantial and far-reaching adverse impact on the investment industry in the capital market as a whole”.
LR Global said this was not the first attempt to tarnish its image. It cited similar campaigns in 2014–15 and again in 2019–20, which it said it had “successfully countered”.
The firm said that current efforts once again involved the use of media outlets to present a “negative image” of the company.
It urged regulators to step in, saying their intervention could “strengthen investor confidence and uphold the integrity of the market”.
The company also called on individuals to expose those responsible, encouraging them to report to both regulators and the firm so that legal action could be taken.
