Valeria Martinez, Investment Week, 13 February 2024:
The Financial Conduct Authority has opened an investigation into embattled trust Home REIT, more than a year since the suspension of its shares.
In a stock exchange notice today (13 February), the Home REIT board said it had been notified by the regulator of its commencement of an investigation into the trust, covering the period from 22 September 2020 to 3 January 2023.
“Naturally, the company will cooperate fully with the FCA in its work,” it said.
Shareholders and analysts have welcomed the investigation, with Richard Williams, research analyst at QuotedData, noting that any wrongdoing within the company and its former manager Alvarium “will hopefully be uncovered”.
Home REIT shareholder calls for FCA probe into ‘campaign of misinformation’
“Shareholders have suffered misery at the hands of this company, which promised to be helping the most vulnerable in society,” he said. “It is difficult to comment on allegations of wrongdoing before they have been investigated thoroughly, but the facts to have come out so far are pretty damning.”
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