Specialist equity boutique Alken Asset Management is to lift the subscription restrictions on its European Opportunities and Absolute Return Europe funds on 3 November 2014.
The move follows the soft closure of the strategies in October 2013 and March 2014 respectively, which came after a period of significant inflows into European equities.
Since the soft closure of the funds, appetite towards European equities has moderated, allowing for steady and controlled asset growth at Alken. With sentiment returning to more comfortable levels, the group believes the time is right to lift the investor restrictions. In addition, Alken has further invested in and reinforced its investment research team over this period, 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. 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,” Nicolas Walewski, founder of Alken Asset Management says.
“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.”
AUM at Alken currently stand at €8.6bn.