AC-SIN company is closing down "AC Fund" for investment funds management

AC-SIN company, founder of "AC Funds" for investment fund management, reached a decision to stop AC Fund's activities, as it was announced on this company's web site.

Ljubljana based company has started the procedure of taking over working licence of AC funds, in front of the Commission for papers of value of Serbia.

Based on that, AC Funds' C.E.O. reached a decision about temporary pausing of all payments of investment units, today, on December, 23rd.

"AC Funds" which managed opened investment fund "AC Funds capital", hasn't demanded payments for the exit provision out of stakes payments in the fund, since December.

Fund of growth of AC Funds property value capital started with work in mid July. The value of its investment unit dropped from the beginning 1.000 dinars to 761,27 dinars, which is for almost 24%.

In the procedure of closing down the Company, the Company submits a request for closing down to the Commission for papers of value, and the Commision reaches a decision to close down the Company and erase it from the Registrar.

By the procedure, there should also be announced a public ad in which it is asked another company to manage the fund, and if one is not found, the fund itself will be closed down.