The Warsaw Voice » Business » News - September 11, 2018
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Asset manager: portfolios to be liquidated
The Altus TFI asset manager suspended redemptions on six of its basket of 10 open-end investment funds with PLN 168 million in assets under management and will liquidate the lot, the company said in a statement published on its website on September 6.
Portfolios headed for liquidation: equity, Polish market absolute return, active management, stable growth, optimal growth and New Europe absolute return.
Altus will pay out means to participants of the liquidated funds on March 31, 2020, the prospectus of the fund last updated on September 6 shows.
The open-end umbrella fund group will retain a debt absolute return fund, a money fund and 'SuperLokator' fund.