Red Kite is undergoing a restructuring process "to consolidate regulatory oversight" but day-to-day operations were not affected, with all funds and the physical copper business performing "well in line with expectations," it confirmed on Wednesday January 17.
Metal Bulletin reported earlier this month that London-based RK Capital Management LLP had entered into a restructuring review that "may impact the activity of the LLP in future years." The fund today said in an emailed statement: "We can reassure investors that our day-to-day operations and key fund management teams will not be affected." Partner David Lilley will be less involved in Red Kite's...