Receivers to Sigma Finance, the last of a once-$400bn industry of complex investment funds wrecked by the credit crunch, have appointed UK money manager Henderson Global Investors as advisers to help sort out what creditors to the vehicle will recover.

Sigma, a structured investment vehicle (SIV) that once held nearly $60bn (£36bn) of assets, the largest in the industry, ceased trading after a group of banks including JPMorgan, which had been helping to keep it in business with short-term loans, decided to pull their funding.