Friday, 29 May 2015
Last updated 9 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…