China's "Hedge Fund Brother No.1" sentenced to 5-1/2 years in prison - court

Xu Xiang, the Chinese hedge fund manager detained in the wake of the country's stock market crash in 2015, was sentenced on Monday to 5-1/2 years imprisonment for market manipulation. Xu, general manager of Shanghai-based Zexi Investment, who earned nicknames like "Hedge Fund Brother No.1" and "China's Carl Icahn" in local media, was detained in November 2015. Between 2010 and 2015, Xu colluded with 13 listed companies in driving up their share prices, using non-public information, and made huge