Prusik soft-closes top-performing Asian Income fund

Prusik has soft-closed the class 2 shares of its Asian Equity Income fund and hard closed the class 1 shares as it restricts capacity to preserve performance.

In a letter sent to shareholders last week, Prusik said the fund's size had surpassed $400m, resulting in the soft-closure of the class 2 shares. The previously-announced hard closure of class 1 shares took place on the same date, 30 November, meaning existing investors will only be able to add to their investment through the class 2 shares. Prusik said in the letter that the fund - run by Tom Naughton - had reached its target size of between $300-500m. "When we launched the Prusik Asian Equity Income fund in December 2010 we set out to achieve two goals - firstly, an outperformanc...