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

Fund to be renamed the Prusik Asia Emerging Opps fund

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Heather Manners of Prusik IM
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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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