Law firm Regulatory Legal is preparing to launch a case against Baker Tilly over alleged mis-selling of Brandeaux property funds.
The case is a bid to gain redress for investors who may have been mis-sold funds from the eight-strong range of unregulated Brandeaux Student Accommodation, Ground Rents, and Dual Assets funds, all of which are suspended. Regulatory Legal is also investigating whether there is scope for similar claims against other advisers who sold the funds. The Brandeaux funds have been suspended since July last year, after Investment Week revealed a long redemption queue built up when liquidity dried up. The fund was sold by advisers at RSM Tenon, which was taken over by Baker Tilly in 2013. ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
