Financial Services category powered by

First Century alternative investment fund dissolved and put into liquidation

12:58 - 15 September 2023

Financial Services

The alternative investment fund First Century AIF V.C.I.C Ltd has been dissolved and put into liquidation, according to the Cyprus Securities and Exchange Commission (CySEC).

It said the AIF, with Licence Number AIF07/2014, has been dissolved and put into liquidation as a result of the total redemption of its units, in accordance with article 63(1)(d) of the Alternative Investment Funds Law of 2018.

“The AIF’s dissolution was communicated to CySEC, as per article 63(8) of the Law, by its external manager, the company GMM GLOBAL MONEY MANAGERS AIFM LTD,” it added, noting the AIF was put into voluntary liquidation.

News Feed

Read More

Attica Bank's main shareholder wants Constantinos Herodotou as bank's Board Chairman
Interest rates continued to rise in December 2024, CBC says
Hellenic Bank announces new reduction in reference interest rate for loans linked to the ECB's base rate
Future forecasting: How Cyprus is becoming a focal point for fintech innovation
Ioannis Georgoulas: "I anticipate that the EMI market will consolidate much sooner than expected"
CySEC seeks views on the introduction of ICT oversight fees for entities covered by DORA
Central Bank of Cyprus sets reference interest rate at 11.50%
Cyprus Compliance Association and CFA Society Cyprus enter strategic partnership
Banking sector reports strong loan growth and nearly €1 billion deposit surge
Caius Capital LLP reduces its stake in Bank of Cyprus to below 5%