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Jubilee Financial Products expresses interest to acquire Keydata

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Investment boutique Jubilee Financial Products has approached PricewaterhouseCoopers, administrators for the now insolvent Keydata Investment Services, with an expression of interest to

Investment boutique Jubilee Financial Products has approached PricewaterhouseCoopers, administrators for the now insolvent Keydata Investment Services, with an expression of interest to buy the company.

Keydata Investment Services, which specialised in high income products, was declared insolvent by the Financial Services Authority. A number of funds based on easily valued investments, such as portfolios of Alternative Investment Market shares in venture capital trusts, will continue to be traded.

‘The structured product range offered by Keydata is a good fit with the Jubilee Financial Products philosophy, and we consider ourselves to be a serious buyer for the company,’ says JFP chief executive officer Adam Habib.

 ‘No doubt many of Keydata’s clients are feeling vulnerable, with a substantial back book of structured products that needs to be managed. Jubilee has the largest collection of investment banking expertise to be found outside of an Investment bank and is ideally placed to oversee the existing Keydata book.’

JFP will be launching a number of new funds over the coming months, which will include a range of low-cost balanced portfolio fund-of-funds which rebalance at regular, pre-defined intervals.

Also on the way is a new hedge fund range, backed up by structured products reflecting capital-secure and capital-at-risk products.

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