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27

Hedge Fund Wins Vote for Aussie Money Manager to Shut China Fund

By Tony Seruga

AMP Capital will use KPMG to help formulate wind-up strategy
LIM has been pushing to narrow the China fund’s discount

Hedge fund LIM Advisors is set to succeed in its year-long push to force AMP Capital Investors Ltd., one of Australia’s largest money managers, to shutter its China fund that has been trading at a steep discount.

LIM, a Hong Kong-based firm which owns 10 percent of the AMP Capital China Growth Fund, is set to win the vote at an extraordinary general meeting Thursday, based on proxy results, AMP Capital said in a statement Wednesday. The China fund has a market value of A$434 million ($326 million)…

Hedge Fund Wins Vote for Aussie Money Manager to Shut China Fund

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