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Tag: CC Finance Group

Malta’s CC Funds Register Significant Losses In 2022

Financial Data Ben -
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.

Why? Malta’s Calamatta Cuschieri Selling Its Offices As Restructuring Is Delayed!

Economics and Finance Mark Lagarde -
CC Finance Group plc reported heavy losses in its financial statements ending June 2022, as reported by Fintelegram.  It now transpires that CC Finance Group, the company behind Calamatta Cuschieri, has entered into a promise of sale agreement to sell its offices in Valletta for € 3.15 million. No reason was given behind the sale of this building in Malta’s capital city. It was announced that a board of directors meeting shall be convened on 21 April 2023.

Bad Times! Huge Losses For Maltese CC Finance Group!

Economics and Finance Ben -
The Maltese CC Finance Group plc, which includes Moneybase and Calamatta Cuschieri Investments Services Limited, registered a loss of €869,000 for the year ended 30th June 2022. This has definitely been a bad year for the Calamata Cuschieri Group. After the year-end, Calamatta Cuschieri Investments Services was found guilty of not meeting the relevant regulatory obligations and ordered by the Maltese court to refund an investor more than €100,000.

Maltese CC Funds Continue Its Downhill Race!

Broker Mark Lagarde -
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.

Maltese CC Funds Recording Substantial Losses!

Investment Schemes Ben -
Malta’s CC Funds, owned by Calamatta Cuschieri Investments Management, has registered major losses over the past months and years. Only 7 out of 23 funds have registered a positive return since inception. CC Funds form part of CC Finance Group plc and operate from Malta. A FinTelegram analysis clearly shows that most CC Funds are making substantial losses. The company’s directors are Nicholas Calamatta, Alan Cuschieri, Alexander Cuschieri, and Carmel John Farrugia.

Maltese Calamatta Cuschieri was found guilty of not following investments rules!

Malta Financial Services Authority Ben -
The Maltese Arbiter for Financial Services ruled that Calamatta Cuschieri Investment Services Ltd (www.cc.com.mt) d/b/a Calamatta Cuschieri is guilty of not meeting the relevant regulatory obligations. The detailed decision describes how an investor lost more than €100,000 through investments, which were suggested to him by Calamatta Cuschieri. The MFSA-regulated company is part of the CC Finance Group PLC and one of the largest financial services firms in Malta and is also the distributor of UBS funds in Malta.

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