Proceeds from a potential sale may enable an additional re-opening of the fund to complete further redemptions
NGBE suspends redemptions
Covington Group of Funds has completed the consolidation of the pool of assets of Covington Venture Fund Inc. Class A Shares, Series VII with the pool of assets of Covington Venture Fund Inc. Class A Shares – Series VIII and Series IX.The consolidation, effective Feb. 23, has combined assets of the three series of the […]
Move aimed at reducing regulatory costs
Covington Capital Corp. announced today that it will assume the role of investment specialist for New Generation Biotech Equity Fund Inc. and New Generation Biotech Balanced Fund Inc. from Genesys Capital Partners Inc. It was mutually agreed by Covington and Genesys that this approach would serve the best interests of the funds’ investors as a […]
Operations to run under the Covington banner
Covington Venture Fund - Capital Protected Series
Net asset value of Covington SC Fund rises to $13.5 million
Shareholders approve proposal
The acquisition will see the addition of $5.1 million in assets to the Covington fund