July 13 (Reuters) - Absolute Equity Performance Fund Ltd AEG.AX :
* RECEIVED A NON-BINDING PROPOSAL FROM ITS INVESTMENT MANAGER, BENNELONG LONG SHORT EQUITY MANAGEMENT
* PROPOSAL DETAILS AMALGAMATION OF AEG & UNLISTED MANAGED INVESTMENT SCHEME, BENNELONG MARKET NEUTRAL FUND
* AS PART OF PROPOSAL, AEG SHAREHOLDERS WOULD RECEIVE UNITS IN BMN & ULTIMATELY AEG WOULD BE WOULD UP
* BOARD OF AEG IS CONSIDERING PROPOSAL