Castlestone loses second manager in a month

Castlestone has lost its second fund manager in a month with the departure of Bradley Yim, who is involved in a legal dispute with the group.

Meanwhile the Irish regulator has lifted the suspension of subscriptions on three of Castlestone's funds, one of which was managed by Yim. His resignation follows that of Arrash Zarafi, who left the group in May, handing his Next 11 fund to Murray and analyst Dmitry Zhuk. The affected portfolios were the $36m Aliquot Commodity (UCITS), the $24m Aliquot Agriculture (UCITS) funds, and the $4m Intelligent Portfolio (IQ) Asset Allocation (UCITS) fund, the latter run by Yim. The regulator first suspended subscriptions on the three Dublin-domiciled funds two weeks ago under regulation 10...