On July 11, 2025, the UK Financial Conduct Authority (FCA) announced that Alti Re Limited and Alvarium Fund Managers (UK) Limited have entered administration. This process involves the appointment of administrators to manage the winding down of the firms’ operations and assets.
Teneo Financial Advisory Limited appointed David Soden and Matthew Mawhinney as joint administrators for both Alti Re Limited and Alvarium Fund Managers. These firms specialize in alternative investment fund management and real estate investment services. Alti Re operates as an alternative investment fund manager (AIFM) providing corporate advice and facilitating real estate transactions. Additionally, it serves as the principal for several appointed representatives, including Social Housing Income Advisors Limited and AlTi Strategic Advisory (UK) Limited, both of which have also entered administration following the developments concerning Alti Re and Alvarium.
The decision to place these firms into administration was made by their directors after determining that they were insolvent. They have signed voluntary agreements that restrict their business operations and asset disposals. In the wake of the administration, the joint administrators will reach out to investors to clarify the implications of this status and will organize a meeting to provide further details.
Investors who believe they have claims against either company are encouraged to contact the joint administrators directly via email or mail. The relevant contact information includes an email address for inquiries and a mailing address for written correspondence.
In terms of financial recourse, the Financial Services Compensation Scheme (FSCS), which currently is not accepting claims, is expected to collaborate with the administrators to evaluate whether investors may be eligible for coverage. Updates on this front will be provided soon, offering further clarity on compensation possibilities for affected investors.
This situation underscores the challenges faced by investment firms in the current economic climate and the regulatory measures taken to address insolvency in the financial sector.