The board of directors of Toronto-based Retrocom Growth Fund Inc. has has established a committee to review and make recommendations on investment strategies and other efforts to protect the value of the fund’s shares, the company says. Retrocom has been suffering a run on redemptions in the past 12 months and, with the help of independent financial advisors, the committee will explore its options for recovery. These options include a merger or privatization of the fund, strategic asset divestures or even a windup, says Paul McKenna, the firm’s manager of investor relations. The committee, which was formed this month, comprises Robert Blakely, Patrick Dillon, Robert Nash and James Henley, who also serve as the fund’s directors. Retrocom has also appointed Blakely chairman of the board of directors. Blakely has served on the board since 2001 and replaces Eryl Roberts, who resigned because of “personal employment commitments,” the company says.