Fund launches & closures

Wittenham winds up Asia Core fund

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Wittenham Asia Core Fund, the Cayman-registered hedge fund, is being wound-down after more than five years in operation. The fund has barely $8 million in AUM compared to $22 million when it was launched in February 2006. In a letter to shareholders, the firm says it was not feasible for the fund to continue operating and that it was in the best interests of shareholders to wind it up.

The fund is a concentrated portfolio of funds covering Asia including Japan, India, and Australia. It generated returns of 5.16% in 2006 and 30.32% in 2007, but was down