Prusik Investment Management has soft-closed its Asian Smaller Companies fund at $160m.
The portfolio, which is run by company founder Heather Manners (pictured), will soft-close to new investment on 30 September. The fund launched in 2008 with a mandate to invest in liquid small-cap ideas in the Asia Pacific ex Japan region. "The underlying liquidity of the stocks we own specifically and the portfolio in general, have been a key part of the investment process and, accordingly, with the fund at circa $160m, we have taken the decision to soft-close it to maintain and protect the current liquidity characteristics of the underlying portfolio and safeguard the interests of o...
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