PwC seeks court approval to abandon the firm's sale and continue liquidation
Enhanced transparency from private funds will boost confidence, assets
PwC to make recommendation to court by mid-February
Court filings indicate losses could top $580 million
Receiver reports that funds' former auditor retracted two years of audit reports
PwC says KPMG stepped down as funds' auditor earlier this month
FCA will consider expanding access to retail investors next year
The firm has five "primary" bidders, with six others targeting certain loans
The court appointed the firm based on an independent recommendation
Large U.S. alt firms see huge growth potential in retail investors