People Moves

Boyer Allan team spin out to join Stone Drum group

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Charlie Erith and Andrew Tay, co-managers of the Boyer Allan Pacific Opportunities Fund, are joining Stone Drum Partners, a London-based management firm founded last year.

In a statement from Stone Drum, the firm said that Erith and Tay will be bringing the Pacific Opportunities fund with them and will continue to manage it going forward.

The news follows previous reports that Boyer Allan is shutting down its two other funds – the long-running flagship Pacific Fund and the Greater China Fund (AsiaHedge 22 December 2011).

The Pacific Opps fund was first launched in November 2006, and boasts an attractive compound annualised