Friday, 6 March 2015
Last updated 6 hours ago
Mar 17 2014 | 3:48am ET
Alken Asset Management is set to soft-close its Absolute Return Europe Fund.
The €2 billion fund will soft-close on March 19, Citywire Global reports. Current shareholders will have their investments limited to €500,000 per account per day.
The fund, managed by Nicolas Walewski, has recently enjoyed significant inflows. Alken soft-closed Walewski’s European small-cap fund last year.
“The team at Alken are committed to sustainable and controllable growth of our funds,” Alisdair Bell, Alken’s sales director, told Citywire. “This is for the protection of our investors as well as the performance of our funds.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…