Investing

Ian Guider: Investors face being stung as Blackbee put into liquidation with assets of €180m

The Cork-based investment company accumulate €400 million of client funds but now faces an uncertain future after Central Bank concerns

David O'Shea: Blackbee Investments was one of the few large-scale investment firms based outside of Dublin. Picture: John Allen

Late in 2019 David O’Shea, the founder of Cork-based investment company Blackbee sat down for an interview with this newspaper. The company was one of the few large-scale investment firms based outside of Dublin, and in the five years since O’Shea founded it, Blackbee had gone on to accumulate €400 million of client assets. His expertise may have been trading on global markets but what its selling point was for clients were the potential returns ...