Société d'Investissement à Capital Variable
15, avenue J.F. Kennedy
L- 1855 Luxembourg
R.C. Luxembourg n° B 111 842
Luxembourg, 27. September 2013
We would like to inform you of an important decision taken by the
Board of Directors of the Company (the “Board”) with regards to the
Sub-Fund “ALKEN FUND – European Opportunities” (the “Sub-Fund”).
After careful analysis and consideration of the Sub-Fund’s current
situation, as presented to the Board by the Sub-Fund’s Investment
Manager, the Board, making use of the powers conferred upon it in the
Company’s prospectus, has resolved to close the Sub-Fund to any
further subscriptions from new investors, and to limit the possibility
of further subscriptions from the Sub-Fund’s existing shareholders to
a maximum amount of EUR 500’000.00 per day per existing shareholder.
The Board nevertheless may accept larger orders upon request if it
considers this appropriate. Those resolutions are effective as of 04/10/2013.
The Board together with the Investment Manager constantly monitors
the size of the fund wishing to avoid any imbalances between assets
managed and resources dedicated. Given the size of the Sub-Fund and
its recent strong inflows, the Investment Manager believes that it is
not in the interest of the shareholders to continue with such growth
pace. As of 04/10/2013, the Sub-Fund will be closed to any further
subscriptions from new investors. The Board may, however, consider
re-opening it in the future.
For the avoidance of doubt, we should stress, though, that such
measure does not affect whatsoever the existing shareholders’ right to
exit the Sub-Fund at any time.
For any further query you may have in this respect, please do not
hesitate to contact your usual professional adviser or the Company’s
Registrar and Transfer Agent, FundPartner Solutions (Europe) SA.
We do count on your understanding and we thank you in advance for
your continued trust and support.
On behalf of the Board of