Brief: Kvika Banki Lowers Rates Of Two Funds Managed By GAMMA

Kvika banki

30/09/2019 10:31

Sept 30 (Reuters) - Kvika banki hf  KVIKA.IC :
    * TO TRANSFER KVIKA'S ASSET MANAGEMENT ACTIVITIES TO JUPITER
CAPITAL MANAGEMENT HF., A SUBSIDIARY OF BANK
    * AIM IS TO MERGE ACTIVITIES OF GAMMA AND JUPITER
    * IT HAS TRANSPIRED THAT POSITION OF TWO ALTERNATIVE
INVESTMENT
FUNDS MANAGED BY GAMMA, GAMMA: NOVUS AND GAMMA: ANGLIA, IS
CONSIDERABLY WORSE THAN HAD PREVIOUSLY BEEN ESTIMATED
    * RATE OF THE TWO FUNDS HAS BEEN LOWERED TO REFLECT THIS
    * LOWERING OF RATE DOES NOT AFFECT KVIKA'S EARNINGS FORECAST
FOR
2019

Source text for Eikon:  ID:nGNE2RtG1p 
Further company coverage:  KVIKA.IC 

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