The City of London Police has begun to investigate Kingsbridge Asset Management and companies associated with it.

Kingsbridge Asset Management and the companies associated with it provided specialist financial advice to HNW clients between 1992 and 2010. It is alleged that their managers and other staff (including financial advisors) conspired together to defraud a large number of company clients, resulting in significant financial losses. The company ceased trading in 2010, but the City police believe that hundreds of people may be affected by this alleged activity and may be victims of fraud.

The City of London Police, which is the UK's leading police authority on the subject of fraud, is encouraging anyone who was a client of the company or associated companies between 1992 and 2010, and believes that he might have been defrauded, to come forward. It is also urging people who may have important information concerning the activities of Kingsbridge Asset Management to come forward.  

Yesterday, detectives from the City’s Fraud Squad arrested a 60-year-old man from Blackburn and two men aged 61 and 38 from Nottinghamshire on suspicion of conspiracy to defraud in connection with this investigation. They have since been released under investigation.

A City Police bigwig said: “We are encouraging anyone who believes they are a victim or anyone who has information about Kingsbridge Asset Management or companies associated with it, to come forward. We are aware that there may be many people, impacted by the activities of this company and it is vital that those affected come forward so their voices are heard."

The investigation team can be reached on 0800 056 0154. Alternatively, reports can be made to Action Fraud on 0300 123 2040.