Rizwan Hussain, the controversial figure who runs investment vehicle Clifden Isle of Man No 1, has been declared insolvent, according to UK court records, even while a separate investment vehicle he controls, Greencoat Investments Ltd, is in the market trying to take control of pre-crisis securitization from the Business Mortgage Finance series. The insolvency isn’t Hussain’s only trouble, GlobalCapital understands, with at least one investment bank having reported him to the regulator over a previous tender for UK RMBS notes.
Owen Sanderson,
February 12, 2019