Penrich Capital liquidators appointed

McGrathNicol has been appointed liquidator of Penrich Capital, the Christchurch-based administrator of Penrich Global Macro Fund.

Thursday, April 9th 2020, 3:16PM

Until recently, the Penrich Group operated from offices in Christchurch and London.

Liquidator Kare Johnstone said: "The appointment of liquidators to Penrich followed the detection of irregularities in the fund that was administered by Penrich. The fund had been frozen and the office closed prior to our appointment. The Serious Fraud Office has confirmed that it has commenced an investigation into the affairs of the company and the liquidators have also commenced an investigation. Given we have only recently been appointed as liquidators, we are unable to provide any further details at this stage."

The fund was placed into liquidation on April 3.

Tags: funds management serious fraud office

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