Callander Managers has announced it is liquidating one of its Swiss equity funds following a lack of interest from potential investors.
The Luxembourg-based boutique said the liquidation process for the Callander Fund Swiss Growth Small and Mid Cap fund began on January 16.
In a statement the group said that the 'decision has been taken on account of the reduced size of assets and the lack of commercial prospects of the sub-fund'.
The liquidation proceeds will be payable in one or more instalments depending on the timeframe.
Any cash amounts that are unclaimed by the unit-holders or their beneficiaries upon closure of the fund will be held at the Custodian Bank for a period of no longer than nine months starting from the liquidation date.