AllianzGI liquidates Market Neutral Asian Equity fund as assets shrink
'No longer capable of properly pursuing its investment strategy'
The liquidation comes months after manager Woo Fook-Cheong left
The Allianz Market Neutral Asian Equity fund has closed due to low assets under management, according to the firm, as its €6.6m AUM means it will "no longer be capable of properly pursuing its investment strategy" and "maintaining a diversified portfolio of investments".
This comes following the departure of its manager Woo Fook-Cheong in April. He was replaced by manager George Liu on 20 April. Allianz Market Neutral Asian Equity, the dollar-denominated share class...
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