Treasury Asia Asset Management will close its segregated accounts to investors.
One of listed financial services company the Treasury Group's boutiques is set to close its segregated accounts to investors.
Treasury Group head of distribution Robert Sullivan said Asia-Pacific boutique investment manager Treasury Asia Asset Management (TAAM) currently has two mandates left.
"The reality is that they will be closing segregated accounts due a limited number of mandates available," Sullivan said.
However, the pooled funds outside of the segregated mandates, such as the Australia-domiciled TAAM New Asia Fund, are still open for investors.
"Asia remains a strong interest area and this has grown over the last 12 months," Sullivan said.
TAAM opened the TAAM New Asia Fund in 2005 and it can invest in all of the countries that make up the MSCI All Country Asia ex-Japan Index, including China, Hong Kong, India, Malaysia, Taiwan, the Philippines, Thailand, Indonesia, South Korea and Singapore.
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