You might be eligible for compensation
MCI Global Investment Advisors Limited (‘MCI’) is an authorised Alternative Investment Fund Manager (AIFM). MCI provided alternative investment fund management services for funds, including Novus Black Fund UK Ltd, which is an unauthorised firm.
On 23 October 2024, Gareth Howarth of Path Business Recovery Limited was appointed as Liquidator of MCI. The Liquidator will be writing to investors shortly to explain what to do if you have investments in funds managed by MCI.
The Financial Conduct Authority (“FCA”) has published an update here.
Latest updates
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25 Oct, 2024
If you believe you have a potential compensation claim against MCI, you can now start that claim using our online claims service.
Although customers can make a claim against MCI, we first need to establish whether there are any claims that are eligible under our rules. We are currently investigating this, and it is likely to take us some time. We anticipate this will be a complex investigation and we will be working closely with the liquidators.
The latest news regarding our work on MCI will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
It’s free to make a claim with FSCS and you don’t need to use a representative or a solicitor. If you claim directly with us, you will receive 100% of any compensation.
Please be wary of scams. FSCS will never ask you for money to make a claim or receive compensation, as our service is free. If you are concerned about any contact you receive, please contact us directly using the details found on our contact us page.