The Apex Global Fund is an individual cell of Lancelot Global PCC, a Mauritian based protected cell company structure that is currently suspended and under the administration of PricewaterhouseCoopers Mauritius.
The freezing of redemptions is solely due to restrictions placed on the fund's umbrella cell company, Lancelot Global PCC, by the Mauritius Financial Services Commission (MFSC), which has revoked its licence to operate.
Lancelot Global PCC has been stopped from performing any activity whilst the MFSC carries out an investigation into the fund's Mauritius based Administrator, Belvedere Management Limited.
The assets of the Lancelot Global Apex cells are independently audited and cannot be called on by any other cell and the underlying assets of the fund are subject to stringent custodians rules.
Further updates will be posted when feedback is received from the Administrator.