The Select Gottex Market Neutral Fund will no longer be offered to retail investors.
However, existing investors will continue to get exposure to the Gottex fund-of-hedge-fund strategies.
The Select Gottex Enhanced Market Neutral Fund would be wound up with net proceeds returned to investors as liquidity returns from its underlying Gottex investments, as previously communicated to investors in this fund, Select said.
The Select Futures Fund will be rebranded under the Aspect Capital name as the Aspect Futures Fund, with Select continuing to act as the responsible entity.
The Select Gold Fund will be rebranded under the Baker Steel name as the Baker Steel Gold Fund, with Select continuing to act as the responsible entity.
The Select Private Equity Fund will be restructured, in addition to becoming a wholesale fund that will no longer be offered to retail investors.
No changes would be made to the Select Listed Investments Fund and Select Portfolio Solutions, the firm said.
