Strand Capital was a Discretionary Fund Manager (DFM) that went bust in 2017. At the time, it had about 3,000 clients and it managed around $100 million in assets for those clients. Many people were advised to invest in Strand Capital through a SIPP as part of their retirement planning. If you are one of them, you should urgently explore your options for recovering the money you invested.
The Help You Need Claiming Back Losses from Strand Capital
Our team of advisors has detailed knowledge and experience of the issues relating to the Strand Capital collapse. To speak to one of these advisors, please get in touch with us today. We will discuss the circumstances of your SIPP Pension before advising you on the next steps you should take to get your money back. Request a call back now.
What Happened to Strand Capital?
Strand Capital was originally owned by Optima Worldwide, a UK based holding company. It ran into trouble which led to the management attempting a buyout. This was unsuccessful, so the company ultimately collapsed – insolvency proceedings began in May 2017.
One thing that has left investors and others so frustrated is that in the October before the collapse, Optima Worldwide said Strand Capital was performing well. In reality, however, it was struggling and had been for quite a while.
Part of this could be connected to its rapid growth over a very short space of time. When it failed it was managing around £100 million in client assets – two years before it only had £600k in assets under management.
Financial regulators believe there could be valid claims from investors on the grounds of mis-selling and/or negligence.
To make sure you recover as much of your losses as possible, and to ensure you experience minimal delays, you need the right advice. We can assess your situation and could help you get your money back. Please contact us today. Get in touch.