Cerno Pacific quadruples assets as fund managers eye Chinese healthcare boom

Fund buoyed by growth in flows towards Asia

The Cerno Pacific fund has seen assets under management almost quadruple in 2020 amid stronger investor interest in the vehicle’s third year as a UCITS structure, with managers Michael Flitton and Fay Ren allocating new capital into Asian healthcare throughout the year.

Originally launched in 2009, Ren and Flitton replaced manager Nick Hornby in early 2018, amid a structural shift away from a multi-manager approach to direct investing. Social commerce in China: teleshopping redux Cerno Pacific's AUM has remained steady at around £10m for most of its lifetime, but since the end of last year this has swollen to £40m, FE fundinfo data shows. This has partially been a function of the fund's strong performance, having returned 38.2% year to date, compared to the IA Asia Pacific ex-Japan sector average of just 7.4% over the period. Speaking to Invest...