Management Arrangements

RNS Number : 8269X

SLF Realisation Fund Limited

10 January 2022

 

10 January 2022

SLF Realisation Fund Limited

LEI: 2138007S3YRY3IUU4W39

Management Arrangements

On 20 August 2021, SLF Realisation Fund Limited (the "Company") announced that it had reached agreement with KKV Investment Management Ltd ("KKVIM") for termination of the Investment Management Agreement between the Company, the Alternative Investment Fund Manager ("AIFM") and KKVIM with effect from 31 December 2021.

Sanne Fund Management (Guernsey) Limited ("SFM") (formerly International Fund Management Limited) continues to act as the Company's AIFM and SFM has, with effect from 1 January 2022, delegated responsibility for the management of the portfolio to the Company.

In order to assist the Board with the management of the portfolio, the Company has, with effect from 1 January 2022, entered into consultancy agreements to secure the services of the four investment professionals with the greatest knowledge of the Company's assets. In addition, an employee providing operational support  has transferred from KKVIM to the Company by virtue of the Transfer of Undertakings (Protection of Employment) Regulations 2006 ("TUPE").  Brett Miller, a director of the Company, continues to oversee the Company's realisation program and will continue to be directly involved in the managed wind down of the Company's portfolio.

The appointment of the consultants and the transfer of the operational employee  will provide continuity and ensures the Company has the necessary resource and expertise for the realisation of the balance of the portfolio. The Board may engage specialist consultants where it is considers that such appointments will assist in maximising returns for, and/or expediting capital returns to, shareholders.

Dawn Kendall has also TUPE transferred from KKVIM to the Company as an employee. She remains on a leave of absence.

The Company has a new website which can be found here: slfrealisationfund.co.uk.

For further information please contact: 

SLF Realisation Fund Limited Brett Miller	via the Company Secretary
BNP Paribas Securities Services S.C.A., Guernsey Branch Company Secretary	01481 750 853 [e-mail]
Winterflood Securities Limited Neil Langford Chris Mills	020 3100 0000

 

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