Anatomy of a dud investment
Article Abstract:
The dangers that investors face when they deal with unregistered investment companies are highlighted by the case of International Resorts. Stocks were allegedly sold by Stirling Montague and Speke, with SMS clients buying stocks in International Resorts Entertainment. The money was not received by International Resorts, which is unsure that it will ever recieve the funds. Clients were unable to sell stocks, with the stock certificates declared null and void, but Internatiuonal Resorts has decided to allow SMS clients their stock certificates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Investment trusts need more takeovers
Article Abstract:
The number of investment trusts has doubled over the past four years to 339, and many unpopular or poorly performing investment trusts could benefit from a takeover or a wind up. However there is a conflict of interest between the fund management and broking arms of some groups, and one-off trusts and those owned by smaller managers may not have enough assets to be worth taking over.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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