Fund firm Crosby in talks to sell, liquidate funds

By Laurence Fletcher

LONDON, Sept 5 (Reuters) - Troubled fund firm Crosby Asset Management (CSBq.L) is in talks to sell or liquidate six Dublin-based funds from its Forsyth range after investors pulled out assets, its chief operating officer (COO) told Reuters.

Crosby, whose share price has fallen 85 percent so far this year, is also in talks to sell two Bermuda-based portfolios of mutual funds and hedge funds, a source familiar with the matter told Reuters.

COO Steve Fletcher on Friday declined to comment on the sale of the additional two portfolios.

The talks come less than a year after Crosby bought Forsyth Partners, which went into administration in September and which has since seen assets under management tumble.