The Basis Yield Fund ("Fund") invest predominately all of its cash into the Basis Yield Alpha Feeder Fund ("BYAFF") which in turn invests predominately all of its cash into the Basis Yield Alpha Master Fund ("BYAMF").
The BYAFM is currently in provisional liquidation with certain representatives of Grant Thornton being appointed Joint Provisional Liquidators ("JPLs").
Basis Capital Funds Management Limited ("BCFML") as Responsible Entity ("RE") for the Fund received today the following correspondence from the BYAFF regarding the current status of the BYAMF and the JPLs intentions for its future.
Naturally, we are disappointed with the overall outcome but support the decision of the JPLs and the Directors of the BYAFF as being the means by which this matter can be expedited on behalf of all investors in the Fund
