Greyfriars Asset Management

Greyfriars Asset Management LLP

The FCA requested Greyfriars Asset Management LLP – to stop adding new money into its DFM Portfolios, in particular Portfolio Six. The FCA register states they must ‘Cease managing high risk investments regulated activity in respect of new money, this includes: A) ‘cease accepting any new money into the Greyfriars Asset Management Portfolio Six on a permanent basis…’.

Whilst details of why this occurred are not clear it sheds a bit more light on some of the high risk investments in Portfolio Six, which include high-risk ventures such as Lanner Car Parks, The Olmstead Series and The Resort Group.

A Discretionary Fund Manager (DFM) has a duty to make sure they match the investments in your portfolio with your attitude to risk – i.e. if you are comfortable with a high level of risk, can afford to lose money should it not pay off – then high-risk investments could be suitable and could bring great benefits if they pay off.

But that’s a gamble and if you can’t afford to take a loss, then these types of high risk investments are not suitable and if you’ve been given bad investment advice and ended up in high-risk investments which aren’t suitable for you – you could make a claim for high risk compensation against that advice.

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