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Cobalt goes into administration

London broker Cobalt Capital has confirmed that it has shut its doors as of this morning.

The brokerage has been the subject of much speculation over recent weeks, but has admitted that it has finally gone into administration

Director Julian Ingall says: “It’s a very sad for all of us who worked so hard to establish Cobalt Capital as one of the leading brokers in London. Well documented market conditions and some internal politics have taken their toll and we have been left with no alternative but to place the firm into administration.

“I’d like to thank all the members of staff who have put up with some incredibly difficult conditions, and the lenders and the introducers who have continued to support us.”

Cobalt Capital partner Andrew Montlake wrote on his blog: “I feel honoured to have worked closely with some real professionals in the mortgage industry, and my thoughts go out to all of those who are struggling to make an honest living against a strong undercurrent of bad news trying to drag people down.

To Julian Ingall, I thank you for your honest endeavours. There are no hard feelings there and your personal backing will always be precious.”


Coral eyes up student property

The Coral Student Portfolio is an actively managed fund of funds that will seek to profit from the low correlation of assets such as property. It has been launched to market demand for alternative student accommodation fund.

Adviser Fund Index

As macro-economic news seems to move from bad to worse, investors’ confidence in the value of their investments has been tested, resulting in widespread sell-offs. The shortening of investment horizons that this implies is a cause for concern for AFI panellists.

ABI warns against major regulatory changes

The Association of British Insurers says major structural changes to the UK regulatory regime would be a “distraction”, but adds that an EU supervisor is needed to oversee national regulators.

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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