The 13 zombie funds clutching billions of investors' money

Research from international financial advisory firm AES International found that over the past six years at least 13 funds marketed in the UK have been suspended, with just under £3.3bn of investor's money locked in at the time investors were locked out. In some cases, such as with the Arch cru range, attempts are being made to wind down the funds by selling off their remaining assets, often at a knocked down price, to return some of investors' money. But in other schemes investors are unlikely to see their cash returned for many years. An update last year from the managers of the Qua...