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Law firm Slater and Gordon today announced it is investigating the legal rights of investors in van Eyk’s controversial ‘Blueprint’ investment scheme.

Slater and Gordon lawyer Ben Whitwell said the firm was investigating the circumstances surrounding Macquarie Investment Management Limited terminating van Eyk Blueprint funds, arising from the failure of the managed investments’ underlying fund manager to adhere to the funds’ investment mandate.

Macquarie shut down the funds after it was revealed investors were exposed to an illiquid investment in UK hedge fund Artefact.

Artefact was appointed in 2012.

Mr Whitwell said it was unclear why it took Macquarie two years to uncover the failure.

“Slater and Gordon intends to ensure that van Eyk Blueprint investors’ rights and avenues of recovery are protected and that they are compensated appropriately for any losses they have suffered.”

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