Launches & Closures Politics & Regulation

Castlestone announces co-operation with FSA probe


UCITS funds “remain in operation” following a raid of the London offices of alternative asset manager Castlestone Management plc on 20 July 2011 by the Financial Services Authority.

On the same day the UK financial regulator also executed a search warrant for an office in Chichester – with the assistance of the City of London Police.

The operations seem to relate to four Irish-domiciled UCITS funds.

Castlestone issued a statement to the Irish Stock Exchange yesterday. It stated: “The directors of the company wish to announce that following an investigation by the UK Financial Services Authority on 20 July