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Dixon picks Prusik for Asia fund

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By Vishal Teckchandani
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2 minute read

Dixon Advisory's multi-manager Asian Masters Fund has boosted its line-up with the addition of London-based Prusik Investment Management.

Financial services firm Dixon Advisory has added two new strategies to its multi-manager Asian Masters Fund (AMF).

New investments were made in Prusik Investment Management's Asia Fund and Asian Smaller Companies Fund. Each strategy has a 3.3 per cent weighting in the AMF.

Prusik is a small London-based Asian boutique funds management house that is 100 per cent employee owned.

"Led by Heather Manners, who has been running money in Asia for over 21 years, the investment team is small but of very high quality and has consistently delivered outperformance," Dixon Advisory managing director of funds management Alex MacLachlan said.

"Prusik's portfolios tend to be fairly concentrated, holding between 30 and 40 stocks, and they will hold cash when they think sentiment is moving against the market. "

The AMF also recently boosted its weighting in the Treasury Asia Fund to 7.7 per cent from 6 per cent and the Comgest Growth Asia ex-Japan Fund to 9.2 per cent from 7.7 per cent.

Value Partners High Dividend Yield and Aberdeen Asian Opportunities remain the AMF's biggest investments, with weightings of 13.4 per cent and 11.1 per cent respectively.