Premier Group
Investment | 4 Aug 17
Eco Fund liquidator replaced in blow to Isle of Man regulator
An Isle of Man judge has ruled that the liquidator appointed to the collapsed Eco Resources Fund should be replaced despite objections from the island’s Financial Services Authority (IoMFSA).
Failed New Earth investors told to go after third parties
Investors in wound up New Earth funds have been left to pursue third party claims as a measure of last resort to try to recuperate all or part of their investment, the funds’ liquidators are suggesting.
Collapsed Premier Group loses out on £39m debt payment
There is no prospect that Isle of Man-based Premier Group will receive any of the £39m ($50.6m, €44.4m) the company is owed by a waste management company it funded through its New Earth Group collective investment schemes.
Tax & Regulation | 16 Jun 17
IoM’s New Earth boss slams regulator probe a ‘witch hunt’
John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
IoM taxpayers to pay up for collapsed Eco Resources Fund
Isle of Man taxpayers will have to foot the bill for another collapsed fund, the Eco Resources Fund, which was set up by the troubled Premier Group in 2012.