Launches & Closures

VAM Funds makes regional foray with new fixed income product

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Luxembourg-domiciled VAM Funds has made a foray into Asia with the launch of the Asia Fixed Income Fund that will be managed by Enhanced Investment Products (EIP) and distributed through Triple A Partners.

Starting with approximately $10 million on 31 July 2009, the fund has taken in a further $3 million in subscriptions in its first month. Toby Bland of EIP believes its maximum size would be around $150 million, with liquidity restrictions kicking in at around the $100 million level.

VAM Funds’ model focuses on launching niche funds and appointing specialist, boutique and institutional grade managers to run