Liquidity issues hurting Healthbridge investors

Healthbridge Capital investors have been locked out of their money since March amid a liquidity crunch as corporate regulator ASIC stays mum about its knowledge or investigation into the potential collapse of another managed investment scheme.

- Karren Vergara

A significant event notice sent to investors by responsible entity Cache Group shows that it became aware of “potential financial irregularities” in the portfolio in February.

The notice, dated March 25, states that Cache made enquiries about the issues alongside the investment manager, Healthbridge Investment Management.

"After receiving inadequate responses, Cache commenced a thorough investigation alongside the regular half-year audit process," it said.