Indochina CapitalÆs shareholders vote to close down equity fund
Hedge fund shareholders shoot down a proposal to allow Dragon Capital to manage part of the LSE-listed fundÆs assets, and opt to take their cash now.
Vietnam is about to experience the first liquidation of a fund since the country opened its stock exchanges in 2000.
Indochina Capital Vietnam Holdings, a unit of Ho Chi Minh City-based Indochina Capital Group, represents a closed-end Vietnam equities fund listed on the London Stock Exchange. The fund is managed by Indochina Capital Advisors. Its shareholders held an extraordinary general meeting yesterday to consider a proposal from its board of directors to split the shares, a move…
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