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Brief
"On 23 October 2024, MCI Global Investments Advisors Limited entered into Creditors Voluntary Liquidation. Gareth Howarth of Path Business Recovery Limited was appointed as liquidator."
The firm, a small Authorised Alternative Investment Fund Manager, provided alternative investment fund management services for funds, including the unauthorised Novus Black Fund UK Ltd. The FCA recently wrote to Novus Black Fund investors about unreported losses, and the liquidator will soon notify investors in more detail.
The liquidator has been appointed to explain the situation to investors and provide guidance on how to protect themselves from fraudsters claiming to act on behalf of the firm or other parties. The FSCS (Financial Services Compensation Scheme) may cover losses for eligible consumers if the firm is unable to meet claims.
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