Forsyth Partners Limited goes into administration

Forsyth Partners Limited has gone into adminstration, following the suspension of its Dubai operation...

Forsyth Partners Limited has gone into adminstration, following the suspension of its Dubai operations by the regulator earlier this month. The group, which has $1.2bn under management and six offices around the world, is now looking for a prospective buyer. A spokesman for Grant Thornton, the administrator acting for the company, said the situation is not related to debt market turmoil and it is the management company rather than the funds that are in administration. He added investors' money is safe, although trading has been suspended until the group sells the right to manage the f...