Due to “significant growth in recent months”, the asset management company made the move to protect existing investors by revising subscription arrangements.
The fund, run by portfolio manager Michael Lai since launching in 2007, is currently at $2.55bn and has a track record of outperforming the IMA China and Greater China sector.
The fund has seen an increase of 18.6% (cumulative performance) in the past three years, compared to a sector loss of 0.12%, according to FE Analytics.
"Controlling the future asset growth of the GAM Star China Equity Fund will ensure it can continue to pursue an active and unconstrained investment approach. Therefore, once the assets under management reach $2.6bn, only existing investors and new clients may make further contributions,” the firm said."
