The Bermuda Monetary Authority has published a notice that the Supreme Court of Bermuda has ordered the winding up of Diversified Fund Platform Ltd after the Authority petitioned under the Investment Funds Act 2006 and related company legislation. The Court’s 7 November 2025 order wound up the company under the Investment Funds Act 2006 and the Companies Act 1981 and appointed Joseph Gordon and Christopher Kennedy as joint provisional liquidators. Diversified Fund Platform Ltd, incorporated in 2013 and authorised as a Standard Fund before being reclassified as an Institutional Fund in 2016, operated four sub-funds. The Authority cited multiple breaches of the Investment Funds Act and the Investment Fund Rules 2019, including failure to conduct business in a prudent manner, prepare audited financial statements, perform net asset value valuations or obtain a waiver for suspending NAV calculations, appoint key service providers (auditor, investment manager and administrator), and file annual compliance statements. The Authority assessed the breaches as serious due to their length and scope and the company’s failure to remediate, concluding that the company and its operators could not restore or maintain compliance.

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