Odey Asset Management is set to soft-close James Hanbury’s £629 million UK Absolute Return fund as of 10 July 2013.
The fund which was launched in May 2009, will levy a 4% initial charge on all investments into the fund.
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The fund has taken a variety of long and short equity positions, predominately in the UK but also overseas to achieve a positive absolute return over a 12 month period.
Crispin, founder of Odey Asset Management, said: "The move has been made to deter new investment and protect performance for its existing unit holders."
A company spokesman said: "As with all our products we manage our strategy to capacity. Protecting performance is our prime consideration rather than running a large fund."
The fund has returned 97.9% in the three years to 28 June 2013, according to Morningstar. It has returned 46.8% over the past 12 months.
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