Custom House risk warning

Wealth manager Custom House Capital has disclosed that the exercise of a guarantee by certain investors in one of its bond funds could give rise to a liability to the company of €16.5 million.

20th November, 2010

Wealth manager Custom House Capital has disclosed that the exercise of a guarantee by certain investors in one of its bond funds could give rise to a liability to the company of €16.5 million.

The disclosure was made in the notes to the company’s 2009 accounts, which were filed in the Companies Office earlier this year.

Custom House Capital chief executive Harry Cassidy said the investors’ funds were completely safe, as the bond fund...

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