Lux boutique liquidates equity growth fund

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.

The firm currently has another similar Swiss equity fund, Callander Swiss Growth Mid Cap, which was launched in 1990 and is managed by Roland Duss.