as asx ciy industry financial services founded qld australia 1997 founder phil sullivan key people philip graeme downie chairman website citypac.com.au city pacific is an australian company established in 1997 by phil sullivan as a financial investment manager . 1 it is the holder of australian financial services licence no. 230025 . and was listing on the asx in july 2001 . 1 contents 1 history 2 recent events 3 business units 4 see also 5 references 6 external links history edit on 14 january 2008 city pacific launched a 1.4 billion scrip bid for gold coast operator mfs limited now octaviar however the bid failed . 1 redemptions and distributions have been frozen since early 2008 and the first mortgage fund has been declared illiquid by cp . citation needed the chairman of the board of directors is philip graeme downie fca . recent events edit on 3 august 2009 receivers and managers were appointed to the company following a court decision that awarded control of a mortgage fund the companies principal source of income as its manager to rival balmain trilogy . this followed city pacific freezing redemptions on the fund and unitholders voicing their anger at the companies management fees for controlling the fund . in october 2008 phil sullivan a former bankrupt left the fund partly as a result of death threats made against him . business units edit funds management city pacific first mortgage fund city pacific income fund city pacific managed fund city pacific private fund city pacific treasury finance property cp1 limited asx cpk indigo pacific capital ltd asx ipa grande pacific city pacific project management financial services city pacific finance citypac home loans city pacific marina finance australian beneficial finance see also edit city pacific finance stakes references edit a b c adele ferguson 5 march 2008 . city pacific trade halt as shares halved . the australian . retrieved 30 december 2008 . external links edit official website company profile investsmart . this article about an australian corporation or company is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title city pacific & oldid 671110958 categories companies established in 1997defunct investment companies of australiaaustralian company stubshidden categories use dmy dates from march 2011all articles with unsourced statementsarticles with unsourced statements from april 2009all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 12 july 2015 at 14 14 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view