GAM Fund Management Ltd set to soft-close Star China Equity fund

11 March 2014 - GAM Fund Management Ltd has said that it will soft-close the Star China Equity fund, managed by Michael Lai, once it reaches £1.56bn.

The fund, which is currently £1.5bn in size, has seen significant growth in recent months and the group said: “Controlling future asset growth of the fund will ensure it can continue to pursue an active and unconstrained investment approach. Accordingly, once it reaches £1.56bn, only existing investors may make further contributions.”