Launches & Closures

Boyer Allan said to be closing China and Asia funds

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Two more Asia-focused funds have succumbed to weak performance and significant redemptions from investors, according to various reports.

Sources say Boyer Allan Investment Management is shutting two of its hedge funds – including the long-running pan-Asia Boyer Allan Pacific Fund as well as the five-year-old Boyer Allan Greater China Fund – after both suffered losses and significant redemptions from investors this year.

The possibility that the firm might close a third fund – the Pacific Opportunities Fund – is also not being discounted following lacklustre performance in recent months. The Pacific Opps fund, which invests in Asian ex-Japan