Legal Troubles Mount for Commodities Fund Ebullio

[kreslik.news]

A complaint against Ebullio Capital Management has been upheld by the Financial Ombudsman Service (FOS), and the fund has been ordered to pay compensation of £150,000, the maximum allowable, plus 8% interest, according to documents made available to Finance Magnates.

The complainant, known as ‘Mr J’, claimed that Ebullio breached the terms of an investment by not redeeming his money after a 30-day notice.

Mr J initially invested $180,000 between April 2010 and April 2011 in the Ebullio Commodity Fund, later exchanged for a different fund, Ebullio Invest, in 2012, and then again to Ebullio Return Invest SPV in 2013.

In June 2014, Mr ... (read more)