Forsyth closes its global technology fund

The ill-starred Forsyth Global Technology fund, launched on the cusp of the global tech bubble, has finally been laid to rest. Although the fund was long earmarked for closure, having never held more than $3.5m, the fact that not all intermediaries with clients in the fund were told about its demise has caused some frustration. One intermediary said: "As a broker, I had no communication from Forsyth's in Croydon, Jersey or Dubai regarding the proposed closure. The first I knew was when a client called me between Christmas and New Year." However, Forsyth claimed that all intermediaries r...