The fund closed in November 2023, less than three years following its launch in December 2020, as a result of “key investors eliminating their allocation”, Investment Week understands.
Fidelity closes £7m Asia absolute return fund
Casey Preyss and Vivian Lin Thurston were the fund managers and invested in 30-70 China A-shares growth companies.
Assets in the fund became “too few to keep the fund alive” following investors pulling their capital, however, the fund is still offered in separate accounts and LPs.
‘Lack of new investor interest’ forces BlackRock to shut $22m China Flexible Equity fund
According to the fund factsheet, the vehicle lost 21.4% from its inception to 30 September 2023.
