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View the article online at http://citywire.co.uk/wealth-manager/article/a748159

Discretionary manager among 19 firms placed in default by FSCS

by Elsa Buchanan on Apr 28, 2014 at 12:20

Anderson is claiming £100,000, while Short, who played for Derby, Blackburn and Everton, is suing for losses of £1 million.

The sports stars were advised to invest in a number of unregulated funds such as Matrix Asset Backed 2, a hedge fund hit in the credit crunch, and Aramid Entertainment, a Cayman Islands based fund involved in film finance.

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2 comments so far. Why not have your say?

Clem

Apr 28, 2014 at 15:22

When will people ever learn?

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Philip Milton

Apr 28, 2014 at 15:53

And we others have to pay for their embarrassing foolishness?

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