Prusik IM to revamp Heather Manners' Asia small-cap fund

Fund to be renamed the Prusik Asia Emerging Opps fund

Heather Manners of Prusik IM

Heather Manners of Prusik IM

Prusik Investment Management is preparing to rebrand Heather Manners' $34m Asian Smaller Companies fund to reflect a revised flexibility to include large-caps, while also appointing a new co-manager.

From 1 August, the fund will be renamed the Prusik Asia Emerging Opportunities fund and analyst Anna Gallagher will become co-manager alongside Manners. The fund will move to daily dealing and will be capped when it reaches $200m (£161m). It will be benchmark agnostic, aiming for an annualised return of 10% to 12%. Additionally, Manners will be able to hold up to 25% of the portfolio in large-cap stocks, which she said will allow her to follow the companies she favours from the early stages of growth and into fully-fledged blue chips. Prusik shifted its focus 18 months ago to inves...

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