DSBI hard-closes Japanese small cap fund

Japan-headquartered asset manager Daiwa SB Investments (DSBI) has hard-closed its Japan Equity Small Cap Absolute Value Ucits on 18 December 2017 after amounting to over JPY26bn (€195m) in assets under management since inception on 28 February 2017.

The DSBI Japan Equity Small Cap Absolute Value Ucits Fund – managed by Tatsuro Nigauri – primarily invested in financially stable small and micro cap companies with sustainable growth potential that are undervalued, and recorded 28.72% in absolute returns as of 30 November 2017.

“Following strong inflows which have absorbed the remaining available capacity, the board of directors has therefore decided to limit the size by suspending new subscriptions. The decision has been taken in order to protect the interests of current investors, as it is felt that allowing further inflows will impact on the ability of the fund to achieve its investment objectives and to maintain its management style and liquidity,” the company said.

DSBI, with offices in London, New York, Hong Kong, Singapore and Shangai, managed some $53.2bn (€45.06bn) in assets as of the end of October 2017.

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