Fund Manager Faces Wind-up on ‘Highly Negligent’ Claims

Fund manager faces wind-up on ‘highly negligent’ claims

A BAHAMAS-BASED fifth-generation family office, whose roots trace back to Royal Bank of Canada’s (RBC) longest-serving president, is facing a winding-up petition over regulator concerns it has been “highly negligent” in managing investor assets.

Bahamas Securities Commission v. Holdun Family Office (Bahamas) Ltd.: Winding Up Petition (‘Public Interest’) - OffshoreAlert

Winding Up Petition in Securities Commission of the Bahamas v. Holdun Family Office (Bahamas) Limited at the Supreme Court of the Bahamas