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Atlantis Seeks Vote to Shut China Fund, Open New One

March 9, 2009 : Permanent Link

Bloomberg – Atlantis Investment Management Ltd., a London-based firm that oversees $1.8 billion, is seeking unitholders’ approval to liquidate the China Fortune Fund from which redemptions have been frozen since October.

China Fortune Fund unitholders may choose to exchange their shares of the liquid assets for units in a new fund or withdraw their money, Liu Yang, manager of the fund, said in a Bloomberg Television interview today. Liquid assets held by the Atlantis China Fortune Fund would be transferred to the proposed new vehicle called Atlantis New China Fortune Fund, according to a document sent to investors and obtained by Bloomberg News.

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