Listed asset-backed securities fund Caliber Global Investment, which announced its closure six weeks ago amid ructions in the sub-prime mortgage sector, has revealed a net loss of $30.1m (€22.3m) for the three months to June after its investments were hit by volatility in the credit markets.

The news comes after the fund made a net loss of $8.8m in the preceding quarter.

Phil Craig

Goldman Sachs

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Caliber losses hit $30m

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