AWI monitors van Eyk issues
One of the largest shareholders in van Eyk Research has declared to the Australian Securities Exchange (ASX) that it is monitoring van Eyk's handling of the temporary suspension of redemptions on four of its Blueprint funds.
Australian Wealth Investments (AWI) which holds a 36 per cent stake in van Eyk and has aspired to control the research house, announced to the ASX that it was monitoring the situation and "the impact it may have on the value of AWI's investment in van Eyk Research.
AWI declared as recently as February this year that it had aspirations to control van Eyk but events at that time made it "less likely in the near term".
"AWI holds a 36.2 per cent equity stake in van Eyk Research," it said in an analyst briefing "[With the] intention to move to control if possible and opportune (although this appears less likely in the near term)".
The briefing described van Eyk Research as containing valuable assets that AWI could leverage across the business.
Van Eyk announced to the market more than a fortnight ago that it had suspended redemptions from four of its Blueprint funds because of an illiquid investment made by UK-based hedge fund, Artefact Partners which has connections to the New Zealand-based interests which formerly held a significant stake in van Eyk.
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