The Lancelot Global Fund (LGF) was suspended by the Mauritius Financial Services Commission (MFSC) in March 2015 and the MFSC withdrew its license to operate.
PricewaterhouseCoopers (PWC) was appointed as the administrator to the LGF until PWC withdrew its administrator position.
RDL Management, the Collective Investment Scheme (CIS) Manager of LGF has sought clarification from the MFSC as to who the current administrator is. The MFSC published a notice requesting the promotors/investment advisors for each Cell/Sub Fund to confirm to them that:
Either the Cell/Sub Fund must be liquidated or migrated onto another scheme.
RDL Management and Lancelot Investments Sarl being the relevant parties, complied with the MFSC's request within the time line granted by the MFSC requesting the scheme be migrated, however no response has been received from the MFSC regarding any approvals to migrate the Fund onto another scheme.
Given the lack of feedback from the MFSC we are in the process of writing to investors of the AGF Cells, requesting their assistance in compelling the MFSC to permit this process to move forward.
If you are an investor and have not received any communication on this matter, please contact email@example.com and we will send you the necessary request letter.
It is not possible for any redemptions to be paid until such time as the MFSC permits the fund to be migrated.