Tag: CCFunds

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 Calamatta Cuschieri was found guilty of not following investments rules!

Malta Financial Services Authority Ben - December 12, 2021

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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