GAM is set to soft-close Michael Lai's GAM Star China Equity fund after a jump in size in recent months.
The fund, which is currently £1.5bn ($2.5bn) in size, has beaten all but two of its competitors in the IMA China/Greater China sector over the three years to 28 February. Over that time it has returned 16.4%, according to Morningstar, versus an average loss of 0.4%. The group said: "The fund has seen significant growth in recent months, reflecting strong outperformance and increasing interest from clients. Controlling the future asset growth of the fund will ensure it can continue to pursue an active and unconstrained investment approach. "Accordingly, once the fund's assets under ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
