Van Eyk concerns raised last year

Van Eyk has been placed into liquidation after four of its funds, invested in an illiquid asset, were frozen.

Perpetual and Van Eyk both arose out of the break-up of PGC – its trust business was restructured into Perpetual Asset Management, Perpetual Trust and Perpetual Portfolio Management in 2009.

Van Eyk then purchased Perpetual Asset Management and Perpetual Portfolio Management in 2013 and Perpetual Trust was acquired by Coulthard Barnes Capital, chairman Andrew Barnes’ private investment company.

Barnes said: “I think the administrators and the regulators will be taking a long, hard look at the activities of that company. All I can say is that, notwithstanding that Van Eyk and Perpetual Trust both came out of PGC, we very much always viewed it as a totally separate entity.”