E Fund Shuts Emerging Markets Funds

Jan 15 2013 | 11:52am ET

E Fund Management has closed its two year-and-a-half-old emerging markets funds.

The E Fund Global Emerging Markets Fund disappointed both in terms of performance and capital-raising. It lost 2.8% in its first 12 months, and managed less than US$6 million at the end of last year, Asian Investor reports.

E Fund, the second-largest asset manager in China, also shut a long-only emerging markets fund at the same time. The firm had hoped to raise US$500 million for the two funds.

Both funds were managed by E Fund’s Hong Kong unit.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note