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RBS sued for £30m in High Court by hedge fund over former Dunedin assets

A hedge fund vehicle, formerly managed by Cambridge Place Investment Management (CPIM), is suing the Royal Bank of Scotland in the High Court of Justice for in excess of £30m over the collapse of a junior loan beneath Dunedin's former Industrious UK secondary property portfolio.
By James Wallace
July 1, 2013 | 7:35 P.M.

Two special purpose vehicles (SPV) known as Torre Asset Funding Limited and Torre II Asset Funding Limited are suing RBS for the once economic value of their combined participations in a junior loan beneath the EPIC Industrious securitisation.

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