Mayfair Fund Relaunches with New Name
A Mayfair Capital Investment Management fund is relaunching under a new name. The MC Special Opportunities Fund has been renamed the MC Property Growth Fund No 2.
“Given market conditions, it feels right to change the name of the fund as part of its relaunch. The window for picking up distressed opportunities has closed, and the fund is oriented toward seeking capital growth,” says James Thornton, fund manager.
The open-end fund has a current net asset value of £12 million (€14 million), but Mayfair’s immediate goal is to grow the fund to £50 million (€58.5 million).