Beta Global to wind up

Beta Global Emerging Markets expects to take up to a year to wind up its portfolio, which invests in some of the world's smaller and more illiquid markets including the Ivory Coast and Papua New Guinea. The board is currently seeking a final extraordinary general meeting with shareholders at which the exact terms of the wind up will be finalised. In essence the trust aims to liquidate up to 75% of the portfolio within three months with the remainder taking up to a year. Peter Scott, manager of the trust, said: "This will not be a fire sale, we will be winding the fund up through an orderl...