J.P. Morgan [profile] 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. 

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