Prusik Asia small-cap fund closes to new investors


London-based Prusik Investment Management says it is about to close its long-only absolute return Prusik Asia Small Companies fund to new investors as the fund nears its $100 million capacity. In 2011, the Prusik Asia Small Companies fund delivered the best return among the three funds managed by the group.

Thomas Naughton, a portfolio manager at Prusik Investment, which also has an office in Singapore, said the two other funds that the group manages, the $140 million Asia Prusik fund and the $25 million Prusik Income fund, both have capacity of $500 million; overall capacity for the three