UBS Global Asset Management has extended the life of its UBS Central London Office Value Added Fund following an EGM.
The EGM was called at the company’s Jersey offices and the motion passed to extend the fund by a further year.
The UBS CLOVA fund will now come toan end on 31 December 2016.
Sam Sananes, portfolio manager for UBS CLOVA said: “Ultimately, this is good news for investors; the 12-month extension now provides additional flexibility to conclude the fund’s strategy and ensure an optimal exit strategy for each remaining asset.”
