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Alternative Market Briefing

Trent Hancock calls for van Eyk liquidation

Monday, October 20, 2014

Komfie Manalo, Opalesque Asia:

Trent Hancock of Moore Stephens Corporate Recovery, the appointed liquidator of van Eyk, has called for the liquidation of the financial services and research house ahead of a scheduled meeting on Tuesday to determine the course of the company.

According to a report, Hancock told investors it would be in their best interest to wind up van Eyk and assured them he would conduct a thorough probe into the company’s past transactions.

In his initial report, Hancock said van Eyk’s problem began when Macquarie terminated the company as fund manager of its Blueprint series in August and September.

The Australian Securities and Investments Commission (ASIC) is conducting its own investigation into van Eyk. Creditors of van Eyk will gather in Sydney tomorrow to discuss the fate of the firm.

Last month, ASIC has raided the Sydney offices of van Eyk and seized files. The company, established in 1989, went into voluntary administration in September and appointed Hancock as the administrator.

Also last month, van Eyk has initiated legal action against Artefact Partners as another......................

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