Castlestone Management is seeking to shut four listed Ucits funds and liquidate its business, Financial Times reports. The move follows the deterioration in net asset value of the funds lower than a minimum viable amount.
The Dublin-based firm will be closing the Aliquot Commodity (UCITS), the Aliquot Agriculture (UCITS), the Intelligent Portfolio (UCITS) Asset Allocation and the Aliquot Precious Metals (UCITS) funds. The business will be terminated through voluntary winding up by a member.
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