Veritas to close $722m Asian fund

The directors intend to soft close the fund at $800m, after which only existing investors will be able to invest additional monies. John Campbell, marketing and sales director at Veritas, explained: “It has always been the directors’ intention to soft close the fund in the interests of protecting the potential performance for existing shareholders. “In the three years since the fund’s inception on October 18, 2004, it has outperformed the index by 22pc. Our concerns are that if we manage too much money it may impact the fund’s performance. “However, we are keen to support those who...