GAM has shut its Virgin Islands listed Frontier Opportunities Equity hedge fund and has moved existing investors to a similar Ucits fund, Investment Week reports. The GAM Star Frontier Equity is a Dublin domiciled Ucits version of the Frontier Opportunities portfolio. The new portfolio will use the same strategy as the Virgin Islands listed vehicle and be managed by Sean Taylor, manager of the opportunities fund. The old fund returned money to shareholders in the beginning of May and has given the option to re-invest in the new fund.
Click here for the story from Investment Week.