International Management Associates is a $150 million hedge fund firm that has collapsed and Kirk Wright, the hedge fund firm's manager, has evidently gone incognito, according to the Atlanta Journal-Constitution.

Millions of the fund's assets are missing, and cannot be accounted for, which leaves almost 500 investors in limbo.

A judge has already ordered that the company assets and the assets of Wright and other key executives, Nelson Kieth Bond and Fitz Harper, to be frozen.

The Securities and Exchange Commission is aware of the situation and it is reportedly watching closely.

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