5 Fund Managers Cease Operations

Five licensed operators engaged in fund management in Ghana’s capital market have voluntarily requested to cease operation for various reasons.

The Securities & Exchange Commission (SEC), which made this known,  stated: “The Securities and Exchange Commission wishes to bring to the notice of the general public that the under listed licensed operators engaged in fund management activities in the capital market (Fund Managers) have voluntarily requested to cease operations for various reasons.

They include HFC Capital Partners Limited, Attai Capital Limited, Serengeti Capital Limited, Indigo Investment Management Limited, Verit Investment Advisory Limited, Waxson Investment and Pension Management Limited.”

The Commission said it approved their requests after thorough assessment of the circumstances.

“The above companies are therefore not mandated to carry out any fund management activities. Consequently, the Commission wishes to inform the general public that anyone who engages in any transaction with any of these companies or their representatives in their capacity as fund managers could be exposing him/herself to avoidable risk.

“The Commission hereby assures all investors, market operators and the general public that it’s committed to ensuring rigorous enforcement of all the rules for operators in the capital market in order to promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.”