If you have purchased the GB Strategic Land Fund through a trustee or direct on the insurer’s platform and have lost money you may be entitled to recover money lost.
If you bought the fund via a UK-regulated pension, such as a SIPP or QROPS, you could be eligible to claim with the Financial Services Compensation Scheme (FSCS) and receive compensation. This does not exclude you from joining the group action.
Expat Investment Fraud is helping people recover money lost. If this information relates to you or someone you know, please share this with them so we can try and reach those affected by these funds.
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KMG SICAV – SIF – GB Strategic Land Fund:
Purpose:
- It was a strategic land fund, likely investing in land for development purposes in Great Britain.
Management:
- The fund was managed by KMG SICAV-SIF SA, a Luxembourg-based company.
Possible Closure:
- A legal case from 2023 (East Riding of Yorkshire Council v KMG SICAV-SIF-GB Strategic Land Fund) suggests the fund might have faced financial difficulties and potentially faced a winding-up order from a creditor.