Funds put into suspension

Funds operated by a Jersey company have been put into suspension by the Financial Services Commission. The funds are operated by Belgravia Fund Managers.

The Commission say each of the suspended funds is currently without adequate or effective management.

The Commission also says the true and correct value of the investments or other assets of the funds cannot currently be reliably ascertained by the Belgravia Fund Managers.

Investors seeking information are advised to contact Barclays Private Bank and Trust Limited. (from CIonline)