MCI Global Investments Advisors Limited has entered into Creditors Voluntary Liquidation. Gareth Howarth of Path Business Recovery Limited was appointed as liquidator.
MCI Global Investment Advisors Limited is a small Authorised Alternative Investment Fund Manager that provided alternative investment fund management services for funds. This includes Novus Black Fund UK Ltd (the Fund) which is an unauthorised firm.
The FCA recently wrote to Novus Black Fund investors about unreported losses.
The liquidator will shortly be writing to investors in the Fund to explain further what this means.
- Liquidator’s contact details
Name: Gareth Howarth
Website: http://pathbr.co.ukLink is external
Investor helpline: 0161 413 0999
Email: mci@pathbr.co.uk
Address: 2nd Floor, 9 Portland Street, Manchester, M1 3BE
The Financial Services Compensation Scheme (FSCS) protects eligible consumers when authorised financial services firms carrying out certain FCA and/or PRA-regulated activities are unable, or likely to be unable to meet claims made against them.
Consumers have to meet FSCS eligibility criteria to receive compensation in respect of a claim against a failed firm.
FSCS will work closely with the liquidator to determine whether claims against the firm meet the qualifying conditions for compensation. The liquidator will provide further updates in due course.
The liquidator will shortly be writing to investors to explain what to do if you have investments in the Fund.
Investors do not have to pay to make a claim.
