van Eyk sale almost finalised
The sale of van Eyk is expected to be finalised this week, with administrators very close to signing off on a deal on the research house's key assets.
A spokesman for administrator, Trent Hancock, of Moore Stephens Sydney Corporate Recovery Group, said while he did not want to give a stringent time frame, he expected the agreement to be "crystalised" by the week's end.
However, he stressed a meeting of creditors would be held before 21 October.
The administrator drew expressions of interest from 46 parties from across the financial services spectrum.
van Eyk went into voluntary administration earlier this month, a move its CEO called "regrettable" but "necessary" under the businesses corporate structure.
It followed a $31 million illiquid investment in the van Eyk Blueprint International Share Fund by UK-based hedge fund, Artefact Partners, which saw redemptions suspended on four Blueprint funds.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
