] is liquidating its Asia Equity Fund
, according to today's SEC filing
. The fund currently holds $481 million
A JPMorgan spokesperson said the shop is not permitted to comment beyond the regulatory filing.
The fund has seen significant recent outflows: as recently as May 31 of this year, the fund held $755 million. As of that date, the fund was down 26.84 percent year-to-date.
On February 17 of this year, managing directors Edward Pulling
and Howard Wang
were added as PMs of the fund
, replacing Joshua Tay
and Patrick Chiu
. Pauline Ng
stayed on as a co-PM of the fund.
The fund has stopped accepting purchases today and will complete the liquidation by July 20.
Stay ahead of the news ... Sign up for our email alerts now