In a letter to investors dated 20 December 2013, the company said it was closing the fund to further subscriptions due to its size after receiving a large number of subscriptions.
In January, assets in the fund, which is part of the firm’s Strategic Funds SICAV, were pegged at $191m.
The fund is the UCITS part of the overall Asia strategy, which includes two other Cayman vehicles with a combined $3bn in assets. It was launched on 10 February 2012.
The fund targeted at least 70% of its investment exposure to companies domiciled in, or predominantly active in Asia, excluding Japan.
Jeff Shen is lead manager on the fund, with Ryan Kim acting as co-manager.
The fund return over the past year to the end of January 2014 has been negative, at -1.2%. Shareholders will be able to continue to redeem their shares in the fund, the company said.
