Eppley Fund Managers will assume all investment management responsibilities for Fortress Caribbean Property Fund.
Eppley Fund Managers, a subsidiary of Eppley, will acquire the unlisted shares of the fund now held by Fortress and Altman Real Estate.
It will also assume control of the management of the fund.
Fortress is a Barbados based mutual fund which invests in real estate in the Caribbean.
The agreement is subject to regulatory approval.