Alternative Capital Partners Limited Changes Fund Name and Manager
Category: Investors NewsBeat
August 7, 2012
Alternative Capital Partners Limited (ACAP) has notified The Exchange that, in line with the Central Bank of Nigeria’s directive that Commercial Banks should divest their interests in non-banking subsidiaries or adopt a holding company structure, it has officially taken up the management of Oceanic Vintage Fund from former Oceanic Bank Plc, and the Fund has been renamed as the Canary Growth Fund (“CGF”). The Securities and Exchange Commission has granted its approval to ACAP as the new Fund Manager to the Fund.
The Unit Holders of the Fund approved the transfer of the Fund Management role, change of the Fund’s name and the first supplemental Trust Deed at its Extra-Ordinary General Meeting held on October 28, 2011, from “Oceanic Vintage Fund” to “Canary Growth Fund”.