Fund launches & closures

Ashton broadens range of new Ashton-Paulson funds

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Sydney- and London-based Ashton Advisors is extending the range of Ashton-Paulson funds it is launching for investment in the Australian and New Zealand markets.

There will be new offshore classes for the Ashton-Paulson Recovery Fund, the Credit Opportunities Fund and the Advantage Plus Fund (see AsiaHedge weekly news for 6 February 2009).

The classes will be in euros, sterling and US dollars and will be listed on the Channel Islands Stock Exchange.

The original plan had been to launch onshore unit trusts for the three funds, but strong demand has led to the decision to launch offshore instruments