US EditionSingapore fund for ultra-wealthy petitions to wind up Cayman’s Ancile Fund over ‘$6.8M redemption failure’ - OffshoreAlert
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Singapore fund for ultra-wealthy petitions to wind up Cayman’s Ancile Fund over ‘$6.8M redemption failure’ - OffshoreAlert
Singapore fund Hawksburn VCC – Fishers Island Strategic Holdings, whose investors are "ultra-high net worth individuals, family offices and institutions", has petitioned to wind up Ancile Fund in the Cayman Islands, claiming it has been unable to redeem its full investment of $8.5 million for over 10 months, receiving just $1.7 million four weeks ago, leaving an outstanding balance of $6.8 million. Ancile is managed by INOKS Capital, of Switzerla
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