Connaught fund operator enters liquidation
Several months after the FCA ordered the firm to pay £203,007 in restitution to investors
Several months after the FCA ordered the firm to pay £203,007 in restitution to investors
Bondholders will be able to claim compensation from regulator, economic secretary says
Investors in the defunct fund invited to get in touch
The UK financial watchdog has publicly censured Capita Financial Managers (CFM) and ordered it to pay up to £66m ($86.6m, €74.6m) to investors who suffered losses from investing in the firm’s now-liquidated Connaught Income Fund, Series 1.
UK outsourcing firm Capita has paid £18.5m (€22.07m, $24.2m) to settle a claim brought against it by the liquidator of the Connaught property fund fraud in which investors lost up to £100m.
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
The FSA has issued a warning to investors in a pair of Connaught Income Funds.
Connaught has launched an inheritance tax mitigating strategy which will invest in farmland.
The FSA has issued a warning to investors in a pair of Connaught Income Funds.
Connaught Asset Managements Series 2 Income Fund is now available through 14 offshore providers.
Connaught Asset Management has brought its second short-term debt linked income product to market.