HT reopens Asian Alpha Amoeba for new subscriptions


The $137 million Amoeba Fund, a leading long/short Asian small cap fund, has been reopened to new subscriptions. Two years ago, the fund was closed to investors and only allowed new subscriptions through a capacity list mechanism based on amounts redeemed.

The fund, which is advised by Hong Kong-based HT Capital Management, decided in December to accept new subscriptions of “up to $20 million”.

The board of directors said the intention was to keep the fund “small” in terms of AUM size.

The fund delivered a negative 8.52% return in 2011 and held 73.3% of its $137 million