Boyer Allan Investment Management has decided to call time on its Boyer Allan Japan Fund, officially converting it into an emerging markets fund instead, reported
Boyer Allan Investment Management has decided to call time on its Boyer Allan Japan Fund, officially converting it into an emerging markets fund instead, reported HedgeFunds Review this week. The fund was down 5 per cent in 2010 and given increased US investor demand for exposure to emerging markets the firm has re-launched it as the Boyer Allan Global Emerging Markets Fund. Andrew Callender remains as fund manager. Regarding the decision, BAIM’s general legal counsel, Steven Woolfe, said the economic environment in Japan had been “quite moribund,” adding: “It was felt by the Japan team that on a longer-term basis the returns that could be obtained by going in to other emerging markets would be a greater advantage to those investors that remained within the fund.”