Isle of Man green fund forced to shut down
Forestry fund owes millions of pounds to its lender after it declared default in 2017
Quadris
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Investors wary of ‘disastrous’ deal to save stricken IoM fund
A proposed rescue package to save Quadris, an Isle of Man fund that invested in Brazilian forestry, would be a disaster for shareholders the director of an expat financial advice firm has warned.
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IoM’s Quadris Environmental Fund declared in default
Isle of Man-based Quadris Environmental Fund has been declared in default by its American lender and had its bank accounts frozen, leaving around 1,200 investors fearing they will lose all or most of their investments.
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Adviser slams IoM regulator over Quadris Environmental fund
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.
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IoM regulator investigates another troubled sustainable fund
The Isle of Man Financial Services Authority (IOMFSA) has appointed a controller for Quadris Environmental Forestry Fund PCC, a fund investing in Brazilian teak plantations, its third such move against a sustainable fund in less than a year.