While not directly linked to Greensill's collapse, Mauritius-based Barak Fund Management has announced that is preparing to restructure its $1 billion money-pool of highly illiquid assets.Bloomberg reports that the fund is seeking investor approval to move ahead with a plan that involves spinning off illiquid holdings into separate vehicles for clients who want to hold on to their assets. The move follows the fund’s decision a year ago to freeze its money pool as some investments became trapped in a series of hard-to-sell assets across the continent of Africa.
SFC v Anita Maria Leung Fung Yee
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Source: HK Court of First Instance | Source date: 6-May-2024 00:00
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