Basis Yield Alpha Fund in provisional liquidation – reports
Wire services have reported that Basis Capital’s Basis Yield Alpha Fund has been placed into provisional liquidation.
Money Management has sought confirmation of a Bloomberg report that Basis Capital sought an order from a court in the Cayman Islands to liquidate the assets.
The Bloomberg report quoted joint provisional liquidator Paul Billingham as saying that the liquidators were undertaking an immediate assessment of the fund’s financial position and any likely returns to investors.
AUTHOR
Mike Taylor
Recommended for you
The Financial Advice Association Australia has implored advisers to reevaluate their exposure to AML/CTF obligations ahead of new reforms that will expand their compliance requirements significantly.
With UBS Asset Management chief executive, Alison Telfer, set to join Schroders, the firm has appointed a company veteran as her interim successor.
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
