Exane to ‘close’ Ceres sector fund to new investors

Thu Jun 3, 2010




Exane Asset Management, the Paris-based long/short equity shop that has fared well during the financial crisis, is closing its Exane Ceres Fund to new subscriptions from 16 June. The fund's only source of inflows going forward will be those coming from the firm's self-invested fund of internal funds, Exane Pléiade 5.

The Luxembourg-domiciled Ceres fund launched in February...

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