The Altima Asia Fund, managed by Asia veteran Johnny Summers, is looking to come off ice after experiencing strong redemptions earlier in the year.
The fund went to cash in April. Like many Asia-invested portfolios with one-month liquidity, and despite out-performing in 2008 following a robust 2007, the special situation portfolio saw a sharp reduction in assets because of redemptions.
Summers is now seeking core investors for the fund on the back of strong prospects for his strategy in the region.
Altima's strong global position, with about $2.6 billion in total assets, gives the fund a solid institutional