Martin Currie today launched the Martin Currie Daijiro Absolute Return Fund, its seventh hedge fund, and immediately closed it to new investors. The fund for Japanese investors attracted $130 million, with $87 million invested and another $43 million committed. Existing investors will be permitted to invest additional assets in the fund, which will be closed to all investors when assets reach $150 million. The fund's co-managers, Keith Donaldson, John-Paul Temperley and Kevin Troup, will invest in Japanese large-cap and small-cap equities.
"To launch and soft-close a new fund on the same day is an achievement," Willie Watt, CEO, said in a statement. Martin Currie now manages more than $1 billion in equity hedge funds.
