Alken reverses European equity soft closures

Alken Asset Management will lift subscription restrictions on its European Opportunities and Absolute Return Europe funds on 3 November.

Alken reverses European equity soft closures
1 minute

The funds were soft closed in October 2013 and March 2014 respectively, following a period of significant inflows into European equities.

Alken said that since the soft closures appetite towards European equities has moderated, .allowing for steady and controlled asset growth. It said that with sentiment returning to ‘more comfortable levels’ the group believes the time is right to lift the investor restrictions.

The firm recently bolstered its research team with the hiring of analysts Nicolas Descoqs and Michael Aubourg. 

“As always, Alken is committed to the sustainable growth of our business and our equity strategies,” founder Nicolas Walewski said. “Every decision we make is always in the best interests of investors and designed to allow us to deliver the strong performance our clients expect of Alken.

“With sentiment towards Europe moderating, and following the hiring of two specialist analysts, we believe the time is right to allow our investors to fully allocate to an asset class we still see significant potential in,” Walewski added.

Alken's has €8.6bn in asset under managment. 

 

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