Troubled Van Eyk funds invested alongside George Kerr's Torchlight

New Zealand investors in collapsed Sydney-based fund manager and research house Van Eyk are finding out some of their money may have been placed in assets alongside the George Kerr-controlled Torchlight funds.

Van Eyk this week voluntarily appointed administrators after its $800 million funds management business disintegrated when it revealed one of its 14 funds made an “illiquid” $31 million investment.

Van Eyk says the administration does not involve the company’s New Zealand business, which is owned by a separate entity to its parent company.

 

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