Source - RNS
RNS Number : 5817M
IPM Systematic Currency Fund
14 October 2016
 

The following replaces in its entirety the "Director Changes " announcement that was released 21 September 2016 at 11:39 RNS Number: 4503K. The disclosure in relation to Roisin Addlestone has been amended. All other information remains unchanged. The full amended text appears below.

 

STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                          14 October 2016

 

IPM SYSTEMATIC CURRENCY FUND

(the "Fund")

 

Re: Resignation / Appointment of Directors

 

The Directors of the Fund wish to announce the resignation of Aldo Ghisletta from the Board of Directors of the Fund with effect from 30 June 2016.

 

The Directors of the Fund also wish to announce the appointment of Roisin Addlestone as a Director of the Fund, with effect from 30 June 2016.


Roisin Addlestone

 

Roisin Addlestone provides independent, non-executive directorship services through Carne Global Financial Services (Cayman) Limited.  She is an experienced fund director with over 23 years of legal and regulatory experience in the funds industry. 

 

Roisin is familiar with the local requirements of the Cayman Islands, having worked as a lawyer there from 1996.  She also acted as senior listings executive for the Cayman Islands Stock Exchange (CSX) in 1998-2000 and sits as a director on the CSX board. 

 

Roisin was a partner in the Cayman office of the international law firm Mourant du Feu & Jeune, where she was head of the investment funds practice from 2005-2008, as well as head of office, MLRO and corporate administration.  She trained and practiced as a solicitor with Linklaters in London from 1991 to 1996.  Roisin is also a notary public.

 

Roisin Addlestone has never:

 

(i)   had any unspent convictions in relation to indictable offences; or

(ii)  been a director of any company or partnership which, while she was a director with an executive function or partner at the time of or within the 12 months preceding such events, been declared bankrupt, went into receivership, liquidation, administration or voluntary arrangements; or

(iii) been subject to any official public incrimination and/or sanctions by statutory or regulatory authorities (including designated professional bodies); or been disqualified by a court from acting as a director of a company or from acting in the management or conduct of affairs of any company.

 

Save for US Chapter 11 bankruptcy proceedings relating to certain investment funds managed by Commonwealth Advisors, Inc. Roisin was appointed on 22 December 2009 to investment funds that were already in distress due to their exposure to the CDO market.  Due to Roisin's expertise and background she was appointed to seek to help the distressed funds along with other professionals.  Soon after the appointment of the new directors it was determined that Chapter 11 was the best course of action to resolve the situation for the distressed funds.  A plan was agreed in the Delaware Court on Sept 18, 2013 for these funds (Debtors' Fourth Amended Joint Plan of Reorganisation) and a hand over to a new team of directors completed, who were chosen for their expertise at handling reorganization/liquidations.

 

 

Enquiries:

 

IPM Informed Portfolio Management AB

 

Stefan Detlof/Anna Frimodig

 

+46 8 20 19 29

 

Davy

 

David Ryan

 

 +353 1 614 8933

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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