Following the revocation of Licences of some Fund Managers by the Securities and Exchange Commission (SEC), the SEC, on November 15, 2019 directed the Board of Directors of the Mutual Funds whose managers had their licenses revoked to appoint new Fund Managers in accordance with section 88 (6) of the Securities Industry Act, 2019 (Act 929).
TTL Capital Limited is pleased to inform its customers and all customers of First Fund and Firstbanc Heritage Fund, that the Board of Directors of First Fund Ltd. and Firstbanc Heritage Fund Ltd. have appointed TTL Capital Limited as the new Fund Manager.
The directors of TTL Capital Ltd. are currently going through procedures with the directors of the two Funds including a reconciliation of the funds’ assets. Upon completion of these processes, TTL Capital will issue official communication to customers of First Fund and Firstbanc Heritage Fund on the status of their investments.
TTL Capital Ltd. carries out fund management business in compliance with Securities Industry Act, 2019 (Act 929), the Unit Trusts and Mutual Funds Regulations, 2001, LI 1695 and the Securities and Exchange Commission Regulations, 2003, LI 1728. Customers of First Fund and Heritage Fund are assured of TTL Capital’s expertise and experience in ensuring that funds are managed in line with their respective prospectus and investment objectives, including the establishment of offices in Kumasi and Takoradi to serve the numerous customers nationwide.
About TTL Capital Limited
TTL Capital Limited was established in December 2014 as an integrated investment management and financial advisory firm with registered office in Accra, Ghana. It is managed by experienced professionals committed to providing quality fund management and advisory services to both institutional and individual investors. The company is licensed and regulated by the Securities and Exchange Commission of Ghana, and manages the TTL Income Haven Fund, an open-ended money market mutual fund.
January 21, 2020.
TTL Capital Limited (TTL Capital) is an integrated investment management and financial advisory firm with registered offices in Accra, Ghana.
It is managed by experienced professionals committed to providing quality fund management and investment advisory services to both institutional and individual investors.
The company is licensed and regulated by the Securities and Exchange Commission of Ghana.
Vision: To become the investment house of choice in the provision of innovative and flexible investment solutions.
Mission: To create long-term relationships with our clients by helping them achieve the financial confidence that our unique investment advisory and wealth management process provides.
© 2020. TTL Capital Limited