TIDMDAB

RNS Number : 1618R

Dexion Absolute Limited

04 March 2016

Dexion Absolute Limited (the "Company")

Update re Investment Adviser

The Company announces that it has been notified of the sale of its investment adviser, Aurora Investment Management LLC, to 50 South Capital Advisors LLC, an investment advisory subsidiary of Northern Trust Corporation. The Company's administrator is also part of Northern Trust Corporation.

Relevant extracts from Aurora's press release are set out below. In light of the Company's forthcoming extraordinary general meeting, to be held on 23 March 2016, at which a proposal to wind up the Company will be put to shareholders, the Directors have concluded that no immediate action is required in response to this development.

"Aurora to be Acquired by 50 South Capital

3 Mar 2016

Aurora Investment Management is pleased to announce that it has reached an agreement to sell its investment management business to 50 South Capital Advisors, LLC, an investment advisory subsidiary of Northern Trust Corporation specializing in providing hedge fund and private equity solutions to sophisticated investors worldwide. The transaction will result in a combined firm that will offer clients of both firms access to an expanded global alternative investment platform with the size and resources to deliver comprehensive hedge fund, private equity and real asset solutions. Aurora believes that its investors will benefit from the strength, additional scale, resources and product offerings that 50 South Capital brings. By combining Aurora's 28 years of hedge fund experience with 50 South Capital experience and resources, we expect to provide investors long-term stability and demonstrate commitment to the alternatives business.

The sale of Aurora's investment advisory business to 50 South Capital is subject to customary closing conditions and is anticipated to close in the third quarter of 2016."

Enquiries

Carol Kilby - Dexion Capital (Guernsey) Limited 01481 743940

Robin Bowie, Robert Peel - Dexion Capital plc 020 7832 0900

This information is provided by RNS

The company news service from the London Stock Exchange

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March 04, 2016 11:47 ET (16:47 GMT)

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