Castlestone loses second manager in a month

clock

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK retail sales record tepid growth in final quarter of 2024
UK

UK retail sales record tepid growth in final quarter of 2024

0.4% growth year-on-year

Sorin Dojan
clock 07 January 2025 • 2 min read
City minister Tulip Siddiq refers herself to government adviser on ministerial standards
UK

City minister Tulip Siddiq refers herself to government adviser on ministerial standards

Following recent anti-corruption probe

Linus Uhlig
clock 06 January 2025 • 2 min read
Revised figures show zero UK real GDP growth in Q3
UK

Revised figures show zero UK real GDP growth in Q3

Revised ONS figures

Sorin Dojan
clock 23 December 2024 • 1 min read
Trustpilot