Struggling City Financial has gone into administration after a bad bet on volatile markets forced it to suspend trading in its Absolute Equity fund earlier this month.
According to The Times, the $1.2bn firm appointed FRP Advisory as administrator late last week and its funds, as well as its subsidiaries in Hong Kong and Singapore, are now being sold off. The London-based...
Former CIO of Barclays Wealth and Rothschild Wealth
'Final piece in the puzzle'
Meets increasing demand
Latest purchase adds £382m FUM