Tag: Carmel John Farrugia

Malta’s CC Funds Register Significant Losses In 2022

Financial Data Ben - April 27, 2023

Clients of CCFunds Sicav plc, part of the Calamatta Cuschieri Group in (CC Finance Group plc) in Malta, have lost significant money during 2022. However, the owners of CC Funds have enjoyed hefty income, despite the losses suffered by their clients. Clients who invested in High Income Bond Fund lost from 10% to 22% in 2022. The Growth Strategy Fund recorded a loss of almost 17%. The financial statements also reveal that clients have started pulling out their investments from CCFunds.

Maltese CC Funds Continue Its Downhill Race!

Broker Mark Lagarde - September 9, 2022

Malta’s CC Funds, owned by Calamatta Cuschieri Investments Management, are still registering major losses. Only a handful out of 23 funds has registered a positive return since inception. CC Funds form part of CC Finance Group plc and operate from Malta. The Emerging Market Bond Fund Eur Dist and the Emerging Market Bond Fund Eur Dist lost more than a third of their value since inception. The Growth Strategy fund, which was only registered in November 2021, has almost a quarter of its value.

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