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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dexion Abs | LSE:DAB | London | Ordinary Share | GB0032287020 | £ SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 171.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMDAB
RNS Number : 1618R
Dexion Absolute Limited
04 March 2016
Dexion Absolute Limited (the "Company")
Update re Investment Adviser
The Company announces that it has been notified of the sale of its investment adviser, Aurora Investment Management LLC, to 50 South Capital Advisors LLC, an investment advisory subsidiary of Northern Trust Corporation. The Company's administrator is also part of Northern Trust Corporation.
Relevant extracts from Aurora's press release are set out below. In light of the Company's forthcoming extraordinary general meeting, to be held on 23 March 2016, at which a proposal to wind up the Company will be put to shareholders, the Directors have concluded that no immediate action is required in response to this development.
"Aurora to be Acquired by 50 South Capital
3 Mar 2016
Aurora Investment Management is pleased to announce that it has reached an agreement to sell its investment management business to 50 South Capital Advisors, LLC, an investment advisory subsidiary of Northern Trust Corporation specializing in providing hedge fund and private equity solutions to sophisticated investors worldwide. The transaction will result in a combined firm that will offer clients of both firms access to an expanded global alternative investment platform with the size and resources to deliver comprehensive hedge fund, private equity and real asset solutions. Aurora believes that its investors will benefit from the strength, additional scale, resources and product offerings that 50 South Capital brings. By combining Aurora's 28 years of hedge fund experience with 50 South Capital experience and resources, we expect to provide investors long-term stability and demonstrate commitment to the alternatives business.
The sale of Aurora's investment advisory business to 50 South Capital is subject to customary closing conditions and is anticipated to close in the third quarter of 2016."
Enquiries
Carol Kilby - Dexion Capital (Guernsey) Limited 01481 743940
Robin Bowie, Robert Peel - Dexion Capital plc 020 7832 0900
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
March 04, 2016 11:47 ET (16:47 GMT)
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