Atlantis Investment Management has closed down its Korea Opportunities Fund. The London based firm will continue to run its other Korea offering, the Atlantis Korean Smaller Companies Fund, which has had a much longer track record and has about $10 million in assets as of now. Atlantis is also restructuring its Atlantis China Fortune Fund by early April.
The Korea Opportunities Fund had become too small (with assets of around $1.9 million) and uneconomical to run and given the tough market conditions, the firm decided to rationalize its product menu for Korea. Performance was hit too, with the fund