JF Funds has announced that its hedge fund, the JF Asia Absolute Return Fund, will close to new subscriptions at the end of June. The fund is nearing what the managers believe to be its capacity in the current markets, $100 million. At the end of May, the fund stood at $87 million and is currently about $90 million.
This is actually well down from the size of the fund when it was authorised to take in retail investment in December last year when it stood at $160 million. This fall in assets has not been due to performance, which has been good, but rather redemptions when former fund manager, Roger Ellis, departed...
