GREYFRIARS ASSET MANAGEMENT’S PORTFOLIO SIX
Greyfriars Asset Management LLP have now closed their investment portfolio management business, long after first being asked by the FCA (and agreed to) not put any more new money into any of its DFM Portfolios, particularly Portfolio Six on a permanent basis.
It’s bound to raise questions from people who invested with Greyfriars Asset Management, particular in Portfolio Six, so here’s a few answers.
WHAT IS IN PORTFOLIO SIX?
Portfolio 6 got special attention from the watchdogs at the FCA, possibly because it featured a lot of high-risk investments and may have been marketed to people who aren’t suitable for such risk when it comes to their SIPP pensions.
We know that in November 2016, the portfolio included some of these high-risk investments and mini-bonds, containing £40m and with 1000 investors.
The Resort Group: The focal point of a BBC Panorama documentary about #RipOffPensions. It is a high-risk and FCA-unregulated overseas property investment.
Lanner Car Park: Another high-risk and unregulated investment, this time involving car parking spaces.
The Olmsted Series: Again, high-risk and unregulated. This one is a 3-5 real estate investment in the USA.
At least 3 high-risk investments. Did you want to take risks with your pension?