Up to $50m of deVere client money trapped in suspended UAM fund
The deVere Group has confirmed that approximately $50m of its clients’ money was invested in the now suspended United Asset Management Strategic Growth Fund.
US institutions to expats: 'Take your retirement account elsewhere – now'
First American expatriates were told that their bank accounts weren’t welcome, either in the US or in their new countries of residence, because of the growing hassles and expense banks have to deal with when they have American citizens as clients.
Axiom legal fund report reveals ‘misuse’ of funds
A report from the receivers of the Axiom Legal Financing Fund has revealed for the first time the full extent of concerns over the fund’s underlying investments.
LM Investment’s Peter Drake breaks silence, strikes back at critics
Peter Drake, the founder of LM Investment Management, hits back at the Advisers Committee for Investors and other critics. Published here exclusively.
Brandeaux estimates £2bn of student accommodation for sale in UK
The managers of the Brandeaux range of funds have revealed there are around £2bn of privately built student accommodation properties either already for sale or about to be on the market in the UK.
