Police raid firms as Columna saga rumbles on
They reportedly seized files, folders and computer hard drives
They reportedly seized files, folders and computer hard drives
Appeal to be lodged with the Belgian supreme court
Equity Power Fund was under same umbrella as collapsed Columna Commodities sub-fund
€35m damages sought connected to Equity Power Fund, which shares umbrella fund with collapsed Columna sub-fund
Luxembourg fund group unit sued for losses linked to former management group of failed commodities fund
Sicav manager looks to unravel mystery of high redemptions before Columna Fund was suspended
David Mapley seeking to become director of Luxembourg-domiciled umbrella fund behind failed Columna Commodities Fund
CSSF ‘needs to intervene’ to shore-up Luxembourg’s reputation after ‘grossly negligent’ actions by Sicav fund directors
A Swiss-based private partnership created to help those who have suffered losses of assets and money from financial companies has launched a task force to recover money from the failed Columna Commodities Fund.
Columna Commodities fund pretended to invest in range of commodity-linked assets when in reality the bulk of money invested in the Sicav sub-fund had been loaned to a Hong Kong shell company.