Prusik to soft-close Manners portfolio

Prusik Investment Management is planning to soft-close Heather Manners' $88m Asia Smaller Companies fund when assets hit $100m.

The group said it wants to maintain the fund’s performance by restricting its size. “We would soft-close so those investors that wanted to add would still have the headroom to do so, but the fund would not be open to new investors,” said Mark Dwerryhouse, sales director at the firm. “Our aim is to keep performing with a limited asset size and I think a true boutique can do that.” Manners uses a thematic investment approach on the fund, which launched in February 2008. "The fund was borne out of the intellectual work we were doing for stock selection on the Prusik Asia fund, bu...