Lloyd George Management will close Douglas Ayton's Developed Asia portfolio after it revealed assets...
Lloyd George Management will close Douglas Ayton's Developed Asia portfolio after it revealed assets under management have dwindled to less than £2m. The fund is scheduled to close on 31 August. The group said its size has made it very difficult to maintain and as a result is unable to justify its continuation. Benchmarked against the MSCI Pacific Free ex Japan index, the Hong Kong-based manager tends to invest in value or cyclical companies that are restructuring to follow a more sustainable growth path. The multi-cap offering, which includes 54 names, currently has 47.8% in cash. Bu...
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