Weiss Korea Opportunity Fund’s (WKOF’s) manager has told the board that it believes that “the opportunity set and strategy for the fund continuing in its current form is less attractive than it has been in the past”, including at WKOF’s launch inception in 2013, “and that it does not think this change in circumstances is likely to improve in the foreseeable future”. In light of the above, WKOF’s board says that it intends to undertake a strategic review to consider the future of the company and to explore the strategic options available.

The board says that it intends to conduct the review promptly and that it welcomes the views of shareholders, which should be directed in the first instance to the company’s nominated adviser and broker, Singer Capital Markets. WKOF’s board also confirms that it remains committed to the next realisation opportunity (or similar uncapped liquidity structure) taking place no later than May 2025. WKOF says that it will announce updates to shareholders on the progress of the strategic review as appropriate and, during this process, the existing investment policy and strategy will continue to be applied.