Geneva-based asset manager Mirabaud Asset Management has announced it has limited new subscriptions into the Mirabaud Equities Swiss Small and Mid fund since 15 March 2017.
With the existing subscriptions and further pending commitments, the fund is now very close to the limit in the strategy, Mirabaud said, adding the decision is to protect the interests of existing shareholders.
The Mirabaud Equities Swiss Small and Mid fund seeks to capture long term opportunities in the Swiss small and mid caps segments. The fund aims to outperform its benchmark, the SPI Extra index over a full cycle.
The fund, which had CHF911.16m (€850.7m) of AUM as of end February 2017, is co-managed by Paul Schibli and Patrick Huber. Top three positions were Lonza Group, Schindler and Clariant as at the end of February 2017.
The Mirabaud Equities Swiss Small and Mid fund has provided annualised returns of 11.49% from inception (19 August 2005) to 28 February 2017.
As of end-December 2015, Mirabaud AM had CHF8.5bn (€7.93bn) of assets under management.