Investors in a failed Cayman-registered mutual fund have criticized the fund’s liquidators, Deloitte & Touche, for going behind their backs in applying for a large increase in their liquidation fees. A group of about 20 shareholders of The Global Opportunity Fund, who claim to have lost more than $40 million in the fund, have accused the accounting firm of greed and underhandedness.
Deloitte & Touche attacked over bid to increase liquidation fees
27 years ago
Topics
Cayman Islands InvestmentKeywords
Christopher Morris Deloitte Ian Wight J. Ross McDonough Michal Pilling