
The Board of Directors of Deminor Investment Management B.V decided on November 30, 2011 to liquidate the Deminor Catalyst Fund. This decision is motivated by the willingness of some investors to lower their exposure to the European Equity market.
DIM considers that the activist approach of the DCF, in a challenging European economic environment, has not adequately rewarded investors over the last few years. Indeed, the fund faced difficulties due to very time consuming litigations which delayed the outcome of the proceedings in which the Fund was involved. We learned the hard way that financial markets and courts of justice have a totally different approach to time.
We would like to thank you for your trust during these 5 years of the fund's existence.