CC shuts Euro fund at $115m

Charlemagne Capital has closed its OCCO Eastern European fund at $115m to new subscriptions due to liquidity constraints on the short side within the markets in which the fund deals. The fund was launched on 31 December to maximise absolute returns by investing both long and short in emerging European and EMEA equities, using Charlemagne Capital's bottom-up investment approach. Stefan Böttcher, Charlemagne Capital's director of portfolio management, said: "It was prudent to close the fund at a point where we felt confident that we can continue to manage (it) with the same successful strat...