EEA ‘death bond’ investors receive $54.5m payout
Investors in the ill-fated EEA Life Settlements Fund will receive a $54.5m (£42.1m, €49.9m) payout for their shares in the so-called ‘death bonds’.
Eea Fund Management
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EEA ‘death bonds’ investors urged to cash out
Investors in the ill-fated EEA Life Settlements Fund have been told it could be more profitable for them to sell off remaining policies in the fund than hold them to maturity, according to David Trinkwon, coordinator of the EEA Investors Group.
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EEA group slams FCA for victimising advisers
A group representing investors into the EEA Life Settlements Fund has criticised the FCA for continuing to harm advisers by encouraging complaints against them in its bombshell warning on the controversial fund last week.
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death bond investor action group to take on
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.
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eea receives regulatory approval for fund
The board of the EEA Life Settlements Fund has been given the green light by the Guernsey Financial Services Commission (GSFC) to complete a fund restructure first outlined in September last year.
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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.
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auditor slams death bonds cheerleader
EEA Fund Management, a vocal defender of traded life policy investments, has issued an annual report of its Life Settlements Fund a year behind schedule and with a damning report from auditors included.
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EEA rolls out managed futures Ucits fund
Alternatives specialist EEA Fund Management is to return to the retail market with a Ucits version of its managed futures trading strategy.
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fsa warning has its ucis
The FSA announced today that it has banned and fined an IFA £60,000 for advising clients to invest in a Ucis fund when unsuitable. It should be taken as a forewarning to the industry at large.
