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Boutique soft-closes star duo’s second EM fund

Boutique soft-closes star duo’s second EM fund

Charlemagne Capital has moved to stem flows into Citywire AAA-rated duo Dominic Bokor-Ingram and Stefan Böttcher’s second fund just two months after applying restrictions to the pair’s frontier vehicle.

Citywire Selector’s sister site Citywire Deutschland has learned that the UK-based boutique is to apply a 5% charge to new investors into the Charlemagne OAKS Emerging and Frontier Opportunities fund.

It is understood the measure has been introduced after the fund broke the company’s self-imposed capacity limit of €200 million. Existing investors will not be subject to the charge.

This announcement comes two months after Charlemagne introduced the same measure for Bokor-Ingram and Böttcher’s other fund, the Charlemagne Magna New Frontiers fund, which breached a €400 million ‘soft close ceiling’.

The Charlemagne OAKS Emerging and Frontier Opps fund returned 43.3% in US dollar terms over the three years to the end of October 2017. The average fund in the Emerging Markets Equity Inc. Asia sector returned 14.4% over the same timeframe.

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