Devere Group's reply to:
Devere Group - What happened to the Devere United Asset Management Fund
This is not a complaint but an enquiry.
Does anyone know why Devere have suspended the UAM Fund?
There seems to be no information and the website www.uam-sarl.com says nothing.
I know that they are now pushing a new fund to clients (as i received their global mail shot) called the Titanium Advisers Private Equity Fund of which there is no information at all on the web bar a cheaply designed web portal that funnily enough has a similar layout and appearance as the UAM site.
Interestingly the UAM fund closed last month and the Titanum Fund is brand new with only back tested results to show for.
Did they dump the UAM fund to open Titanium???
Does anyone have any thoughts or can a Devere employee shed some light on this?