Launches & Closures

GAM shutters Greater China and Japan funds


More Asian hedge funds are joining the list of managers that have shuttered their operations this year. The latest to join the list are two GAM funds: the GAM Greater China Equity Hedge and the GAM Japan Equity Hedge.

Both funds suffered significant redemptions in recent months after posting relatively poor performance last year.

A spokesperson for GAM said all capital has been returned to investors given that the level of assets under management for both funds “were not sufficient to support their continued operation”.

The GAM Japan Equity hedge fund at its peak managed at least $600 million. But