The Martin Currie China Hedge Fund closed with around $10 million in assets under management; the fund is sub-scale and there are low expectations of future growth,  the firm said in an emailed statement to this publication. Liquidators have been appointed to close the vehicle.

"The Fund has operated below the typical minimum threshold figure for the Company’s funds of USD$10million in assets under management for some time. This fact, together with the forecast low likelihood of new subscriptions has led the General Partner to resolve that it is in the best interests of the Fund and its investors for the Fund to close and be subject to an orderly liquidation," the firm said.

"We have made available the full range of Martin Currie funds to investors who will see capital returned as a result of closure of the China Hedge Fund.  Should they wish to continue to invest in China we offer China centric funds within both our OEIC and SICAV range as well as strongly performing funds in other sectors – notably Asia and Emerging markets," the statement added.