Stone Drum directs more attention to Asia


UK-based Stone Drum Partners is directing more of its attention to Asia after successfully shoring up assets under management at Stone Drum Pacific Opportunity Fund, the long/short small and mid-sized-cap Asian ex-Japan equity fund it acquired early this year from Boyer Allan Investment Management. The size of the fund now stands at $66 million.

In January, the fund received substantial redemption notices when Boyer Allan announced it would shut operations of its two Asia-focused funds, although the then named Boyer Allan Asian Pacific Opportunities Fund was spared after its portfolio managers Charlie Erith and Andrew Tay transferred to