The withdrawal from the Luxembourg-domiciled version of the fund managed by Charlie Awdry will take out around half the assets tipping its overall assets under management below €5m.
The onshore Henderson Gartmore China Opportunities Fund presently holds over £700m in assets under management.
Originally it was expected the remaining assets would be amalgamated into Andrew Mattock and Caroline Maurer’s Henderson Horizon China Fund but instead the board decided to close the fund with effect from 30 September.
At that time, current subscriptions will be cancelled and investors will be able to switch free to another fund in the company’s Sicav range.
“Recently a significant shareholder has given formal notification of their intention to redeem their holding,” the company said in a statement to investors. “As a result the net assets of the fund will fall below €5m, the level at which the board of directors of the company are empowered to liquidate the fund.”
The company said costs relating to the closure and liquidation of the fund would be borne by Henderson.
