Martin Currie shuts decade-old China Hedge Fund

Martin Currie is closing its China Hedge Fund, marking the end of a once well-performing strategy after the firm was hit with $14 million in fines from US and UK regulators this year for failing to manage a conflict of interest between two clients. The decision to shutter the fund was “driven by its small scale and low expectations of future growth”, a spokeswoman from the $7.4 billion UK asset manager tells AsianInvestor. Set up in 2002, the fund had been operating with less th…