Custom House funds for release

Investors in Custom House Capital have received a letter from the firm’s liquidator, Howarth Bastow Charleton, informing them that the first section of client funds will be released by Sep 30.

The letter states that segregated cash and equities and money held in bank and broker accounts should be released by that date, subject to approval from the High Court regarding the payment of reconciliation fee to the liquidator.

Only a small portion of investors’ money is in the bank and broker accounts, with most of the money tied up in property investments.