The UK’s financial behavior Authority (FCA) confirmed that on July 11, 2025, Alti Re Limited and Alvarium Fund Managers (UK) Limited took over.
David Soden and Matthew Mawhinney of Teneo Financial Advisory Limited were appointed as common managers for both businesses.
Alti Re Limited (Alti Re) and Alvarium Fund Managers (UK) Limited (Alvarium) provide alternative investment and real estate investment investment services.
Alti Re is an alternative investment fund administrator (AIFM), who deals with corporate advice and the construction and distribution of real estate trading. It also acts as a master for various appointed representatives, such as:
- Limited limited
- Alti Strategic Advisory (UK) Limited
Social Housing Income Advisors Limited and Alti Strategic Advisory (UK) Limited have also gone to administration.
David Soden and Matthew Mawhinney, of Teneo Financial Advisory Limited, have been appointed as common managers.
Both businesses have signed voluntary requirements that limit their business and their ability to have their assets. On July 11, 2025, business managers applied to court to place them in the administration as well, as they concluded that the businesses were insolvent.
The joint managers will contact investors individually and hold a meeting shortly after their appointment to explain what this means to investors.
If you believe you have a claim against Alti Re or Alvarium, please contact the common managers using the following details:
- Email: ireenquiries@teneo.com
- Write you: Alti Ire Group (in Management), C/O TENEO Financial Advisory Limited, 20 Colmore Circus Queensway, Birmingham B4 6AT.
The FSCS is currently closed for claims, but will work with the joint managers to determine whether investors are covered and will provide further updates soon.