In a letter to buyers seen by Funding Week, the agency stated the CRUX China fund would shut on 30 April after it turned too small to be economically viable.
Based on the newest factsheet, the fund had dwindled to an AUM of £0.8m.Â
In the meantime, the closure of the CRUX Asia ex-Japan fund adopted a interval of underperformance, which led to a discount of AUM, making the fund now not commercially viable. Based on the newest factsheet, the fund AUM had shrunk to £49.4m.
Lansdowne Companions buys CRUX Asset Administration
The factsheet additionally revealed the fund is down 2.8% year-to…
