The Chile Financial Market Commission has suspended all public tenders, transactions and share quotations for funds managed by Sartor AGF, which is currently under liquidation. The suspension will apply for 30 days or until Sartor is able to correctly value its funds’ equity. The measure follows an Essential Fact submitted by Sartor’s liquidator indicating that certain managed-fund portfolios may have significant impairments in estimated valuations made by the firm’s previous management, which have not yet been quantified. The Commission noted that, given this disclosure, investors and the market lack accurate, sufficient and timely information to support proper valuation of Sartor-managed funds, and it therefore suspended the shares of the affected funds registered with the Santiago Stock Exchange.
Chile Financial Market Commission 2025-01-28
Chile Financial Market Commission suspends trading in Sartor AGF-managed fund shares for up to 30 days amid valuation concerns
The Chile Financial Market Commission has suspended public tenders, transactions, and share quotations for funds managed by Sartor AGF, under liquidation, for 30 days or until correct valuation of the funds' equity is achieved. This follows a disclosure by Sartor’s liquidator about potential significant impairments in fund valuations by previous management. The suspension aims to address the lack of accurate and timely information for investors and the market.