Lux boutique liquidates equity growth fund
The firm has decided to shut down the small and mid cap fund due to a lack of commercial prospects.
by Atholl Simpson on Jan 17, 2013 at 10:29
Callander Managers has announced it is liquidating one of its Swiss equity funds following a lack of interest from potential investors.
The Luxembourg-based boutique said the liquidation process for the Callander Fund Swiss Growth Small and Mid Cap fund began on January 16.
In a statement the group said that the 'decision has been taken on account of the reduced size of assets and the lack of commercial prospects of the sub-fund'.
The liquidation proceeds will be payable in one or more instalments depending on the timeframe.
Any cash amounts that are unclaimed by the unit-holders or their beneficiaries upon closure of the fund will be held at the Custodian Bank for a period of no longer than nine months starting from the liquidation date.
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