Equity boutique Alken Asset Management is to lift soft closure restrictions on two European funds next month.
The £3.9bn European Opportunities and £1.8bn Absolute Return Europe funds were soft closed in October 2013 and March 2014 respectively. They will re-open to new investment on 3 November.
The move follows what Alken said is a moderation in investor appetite for European equities.
Fund manager and Alken founder Nicolas Walewski (pictured) added the decision is in the interests of investors: “With sentiment towards Europe moderating, and following the hiring of two specialist analysts, we believe the time is right to allow our investors to fully allocate to an asset class we still see significant potential in.”
The Alken European Opportunities fund has returned 74.7% in the three years to 15 October 2014, compared to a sector average of 41%, according to FE.
Absolute Return Europe has returned 27.8% over the three years to 15 October 2014, compared to a sector average of 14.8%.
