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On 5 April 2022, Waverton Investment Management Limited decided not to proceed with the launch of a new share class for Alternative Liquidity Fund Limited. Consequently, the Board of Alternative Liquidity Fund Limited will not proceed with changing the company name to The Endowment Fund Limited or adopting the proposed investment strategy for the new share class. All costs associated with the proposed fundraising were underwritten by Waverton, ensuring existing shareholders will not incur any expenses or liabilities.
| Date | 5 Apr 2022 |
| Time | 16:59:27 |
| Category | Miscellaneous |
| ID | 3771H |
ALTERNATIVE LIQUIDITY FUND LIMITED
Registered in Guernsey - Number 60552
LEI NUMBER 213800R5CHD76J3LU713
Registered Office:
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 1GR
5 April 2022
ENDOWMENT FUND PROPOSAL WITHDRAWN
In light of current market volatility in connection with the war in Ukraine and after considered deliberation, Waverton Investment Management Limited ("Waverton") has decided not to proceed with the launch of a new share class for Alternative Liquidity Fund Limited (the "Company"). Therefore the Board of the Company will not proceed with the change of company name to The Endowment Fund Limited and the adoption of the proposed investment strategy for the new share class. All costs associated with the proposed fundraising were underwritten by Waverton and existing shareholders in the Company will not incur any expenses or liabilities in this respect.
The Company will continue with its existing investment policy and realisation strategy and will continue to be advised by Hindsight Solutions Limited in the execution of that strategy. However, the Board will examine the options available to the Company to accelerate the continuing managed wind-down of the current portfolio within a specified time frame and will propose to and discuss with Shareholders the adoption of a designated realisation date and such necessary changes as may be required to the Company's investment policy.
For further information, please contact
Tim Gardner, Hindsight Solutions Limited
Sanne Fund Services (Guernsey) Limited, Company Secretary
Email: [email protected]
Tel: +44 (0) 1481 737 600