Death Bonds
EEA investors face more delays selling shares in doomed fund
Investors in the ill-fated EEA Life Settlements Fund have been told they cannot sell their shares in so-called ‘death bonds’ until later in the year as not enough cash has been generated from maturing policies, according to campaign group EEA Investor’s Group (EEIG).
Investment | 31 May 16
EEA investors offered ‘dismal’ price for run-off shares
Investors in the ill-fated EEA Life Settlements Fund have received a “dismal” strike price offer for their shares in so-called ‘death bonds’, according to campaign group EEA Investor’s Group (EEIG).
FCA ban for Catalyst director rejected by Tribunal
The Upper Tribunal has rejected an FCA ban of a Catalyst director relating to the promotion of unlicensed Luxembourg-issued ‘death bonds’.
‘Death bond’ investor action group to take on UK Gov’t
A consumer action group has been set up by investors in a so called “death bond” fund to take on the UK Government which it believes holds responsibility for investor losses.
investors approve eea fund restructure
The fate of EEA Life Settlements Fund took a step closer to resolution yesterday with investors voting in favour of a restructure to be implemented next month.